We started our company as an experiment and grow it ever since, validating each step of the way... just as we do with products. Chain.Reaction is employee-owned, governed with holacracy, is fully transparent and reinvests in colleagues and ideas.
Chain.Reaction is part of Lab.Coop, a venture builder focusing on high tech services and products. This digital product lab is the first in line and the branch that allows us to be makers of the newest digital products. So far two other ventures have been introduced: Green Fox Academy, a coding school for junior software developers, and SmartWare.tech, a brand new IoT and hardware accelerator.
Coders with business skills, designers and marketers with coding skills, businessmen with data skills, etc. No job titles, but governance roles for all, and company shares in every pocket.
Some say we are a cult because we operate differently.
We just realize actual ownership and founder’s feel for all.
In order to close the motivation gap between owners and employees and to attract bright talent everyone who joins the company becomes an owner and gets real stock transferred to their shareholding account. We share the risk so we share the gain too.
There are no rounds or layers of decision making. Holacracy provides an operating system-like set of rules for management experimentation and self-management. By iterating on our governance, we consciously improve the way we work together.
We keep salaries, financial data, contracts, expectations and the “why?” behind every decision open to all of us. Transparency is key in how we work and how we keep information flowing. Self-management only work if people have easy access to all relevant information.
To be on top of the game is key for us. That is why we reinvest into ourselves: up to 20% of our time and a 2000 EUR/person/year budget is dedicated to learning and training. This is how we make sure that we can all grow.