Hi, My question is are there any successful startups launched by distributed team that has no formal office, its members live in different countries and communicate online? Appreciate if someone will refer me to the story of real success.
Valery in The Bahamas a startup RideBahamas was successful with a distributed team however they still had a location considered as office. The CTO lived in Slovakia and myself as CFO at the time and a Board Member was between the UK and Connecticut. With the advancement of today's communication mediums and inclusive globalization really taking shape it is very much a successful possibility and I am open to the idea of it
One of the reasons that distributed teams have become more and more popular is the price of office space in the major business hubs all over the world. I am in Seattle and in just a few short years have seen the prices double and more. Co-working environments have helped to alleviate some of the high lease prices but even they make it hard for a startup to get financial traction.
I have teams in California, the Philippines and India that I can successfully manage remotely. We are diligent about skype meetings if needed and at times travel is needed. With a decrease in funding for startups and the number of remote saas products available to us it just becomes more and more viable. I hope that helps some. - James
I founded an online media community with some of the world's best experts and no office. And I've seen several law firms do the same. That's because many women work hard at getting top degrees and skills and then hone their expertise at top firms, only to change their minds when they start families. So I had Columbia University journalists working for me than far less as a corporate consultant, and they loved the flexibility of their jobs because it allowed them to raise their children. Everyone wins. By the way, my employees tended to work far longer hours and more efficiently than office colleagues who spend entirely too much time gossiping at the water cooler.
It depends on the business. Our team improves patient outcomes in healthcare facilities. Having them together in a room is effective. But I agree, some businesses do not need that. A friend of my is a pretty famous stylist. Him and his buddies have the same style, but they are located in different parts of the world. They are able to marketing internationally, incorporate internationally, and cross-promote their own brand of hair-products. The rules internationally took them many many years to figure out. But they did it. Its not about living in different countries and technology available to communicate. It's about knowing the ins and outs of doing business cross country. Marketing, currency, product labeling is all different.