Our summary: lack of transparency creates opportunity for problems. No lack, no problem. Namaste Solar is successfully transparent about salary information. SumAll is transparent about cap table. Transparency and and having everyone participate results in better culture and retention.
Our take: YES! We are big believers in radical transparency. Bridgewater is worth mentioning. That said, it is important to ensure structured communication and distribution of information, or transparency may affect scalability. It is also important to couple transparency with fair treatment/compensation and a voice. Continue reading