If you haven’t already, check out First Round Capital’s inspiring introduction to Holacracy: “How Medium is building a new kind of company with no managers“. Holacracy, a self-described “social technology for agile and purposeful organization,” is called by Medium‘s Jason Stirman “hands down, by far the best way I know or have ever seen to structure and run a company.” Holacratic organizations are characterized by purpose driven work and structure, clearly distributed authority without people managers, proactive and systematic tension resolution, lean and role-centric organization with organic expansion, and highly effective meetings. Even organizations that are not ready to take the full plunge to adopting this fairly radical governance model – as most will not be – can learn a lot from it.

“Everyone wants to build a billion-dollar company, and they think they need to go out and find angel funding. Not everyone starts with that ability. … Do what you can within your means, and just work hard. … It’s cliche, but money’s overrated.”

- Mike Chang, cofounder of Rapid LED