The latest EconTalk podcast tells the mind-blowing story of how Valve, a 300+ person, $1+ Billion per year in revenue company operates with no hierarchy via emergent/spontaneous order. I think this is deeply though provoking for entrepreneurs.
Granted, if an entrepreneur started a company on this model today, odds of getting funding would be dropped to nearly zero because investors would not be interested in the added "management risk" from the model… and I wouldn’t blame them. But it is fascinating! Could this model thrive outside of Valve? What might it mean for startups that hate the idea of Big Company Structure?
- Hear the podcast
- Read the show notes
- Read the whitepaper by Valve’s economist
- Read the Valve Employee handbook