Eric Ries previews new book 'Incorruptible' at Startup Day

🔑 Enhanced Key Takeaways

• •Eric Ries's new book, 'Incorruptible,' redefines 'profit' as the maximization of human flourishing, moving beyond the traditional calculation of revenue minus expenses.
• •The book posits that corporate corruption is primarily a structural issue, rather than merely a problem of individual 'bad actors,' arising from poorly designed systems of ownership, incentives, charters, accountability, and decision-making.
• •'Incorruptible' offers a practical blueprint for creating 'mission-controlled' companies, advocating for governance structures specifically designed to resist short-term pressures and prevent mission drift, drawing on diverse case studies.
• •Unlike his previous works like 'The Lean Startup,' which focused on tools for product innovation and scaling, 'Incorruptible' delves into the deeper, systemic challenge of how companies can maintain their original purpose and values over the long term.
• •The concepts presented in 'Incorruptible' are significantly informed by Ries's experience in founding the Long-Term Stock Exchange (LTSE), an initiative aimed at encouraging long-term corporate governance and investment practices.

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