CrowdConf: Learning to Let Go - Page 2
Greater transparency may be another substitute for leadership. Coffee & Power is an app supported mobile community where "nearby people can help each other with their work." Co-founded by Philip Rosedale (also known as Philip Linden, creator of Second Life), Coffee & Power has been discussed in the Wall Street Journal for their transparent and inclusive pay processes. Rosedale described how they initially arranged for work and pay via a public spreadsheet were people would sign up for tasks that needed to be done in one column, their progress in another, and what they needed to be paid in a third (slide 4). Though they have gone beyond a simple spreadsheet to the use of Elance, oDesk, and others, the main ideas still work.
The final letting go may be around funding. With the signing of The American Jobs Act, crowdfunding for equity investment has become legal. Within the next year, we should expect the regulations to be written that enable implementation. Australia and the United Kingdom are ahead on this front.
The famous golfer Sam Snead is said to have described the best grip for a long shot as the same as holding a baby bird in your hand. It may be that we can apply this technique to modern organizational design. Keep a light grip for greater success.
Image courtesy Rand Fishkin of http://www.seomoz.org/