The Making of a Nobody – Part 23 | The Future of Company Creation- Transparency

The Making of a Nobody – Part 23 | The Future of Company Creation- Transparency
December 7, 2020 Mark S. McNally

In reflecting on the 10+ startups where I’ve been a founder or Senior Exec. I tried to glean the lessons that would lead me to the ground rules around the future companies I would be involved in creating.

One thing stood out. The Lack of Transparency.

Was a time suck

Undermined leadership and trust

Slowed down decisions

Created drama

Led to confusion

Created resentment

Lost good people

Angered good investors

In a startup you need to be able to get to the truth as soon as possible so that you can pivot boldly. ANYTHING that gets in the way of that threatens the future success of the enterprise.

It would be immensely courageous to push the boundaries of transparency in future companies, I intend to do just that. My inspiration, Gitlab uses their own product to document every decision the company has made since inception. This repository is now 8600 pages long and completely public.

Gitlab, thank you for the inspiration, I accept your challenge.

#innovation #startups #leadership #venturecapital #linkedineditors #startup #entrepreneurship #venturecapitalist #integritymatters

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