Had heard this term before, but forgotten its exact meaning, seems this is still very uncommon. I wonder what VCs think about this approach to managing their money?
For Zappos’ Tony Hsieh, ‘Holacracy’ Is the Right Fit
Zappos CEO Tony Hsieh’s rather unusual lifestyle has often raised eyebrows. Despite a net worth of $840 million, he lives in a trailer (albeit a nice Airstream one) in the middle of downtown Las Vegas with his dog and two pet alpacas. And the shoe magnate personally owns only four pairs of shoes.
But one of the most unusual things about Hsieh is how he runs his business. Credited with taking the company from nearly nothing in 1999 to the multi-billion-dollar household name it is today, Hsieh has organized Zappos as a holacracy. A quick Google search will tell you holacracy involves removing power from management and spreading it across the firm; creating self-organizing teams, and the like. But how does this play out among real people, within the walls of one of the most successful internet companies in America? ... "
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