Transparency in startups seems to be all the rage, but it wasn’t always this way. There are a few companies like Buffer, Groove and Baremetrics that really paved the way for the rest.
What does transparency in business really mean? It’s not just about making your compensation known to the world, or giving details down to the dime about your revenue. It’s more about fostering a culture of trust.
In this post about why business transparency really matters, Kevan Lee points out the main benefits of being a totally open company, including opening yourself up to feedback, breeding trust, and fostering innovation.