Why it’s dangerous to have a company without hierarchy, according to pioneers of Google’s Startup Accelerator

In their book, Martin Gonzalez and Joshua Yellin explore why so many startups fail—and what those that succeed do right.

Many entrepreneurs are inspired by romantic conceptions of how great startup life can be, and are looking for an exit path from the typical culture of a big company. They dream about getting rid of bureaucracy, hierarchies, irrelevant policies, unfair inequalities, and all the other corporate irritations. The appeal of reinventing all this is especially strong for founders who see themselves as maverick disruptors. If you believe that it’s possible to reinvent a product, service, or industry, it’s easy to extend that thinking to reinventing the way people are managed. Many corporate practices can seem as outdated as a VHS machine in the age of streaming.