I agree with you for companies that require a lot of capital. In technology companies where, often, ideas, perspectives and vision are assets, I think you want someone in the company who can give you that guidance, to tell you what the customers want, and when they want it.<p>After all, if I was going to do what I think is profitable, I don&#x27;t think accepting a pay check from the company is worth giving up the entire upside of my own ideas - I&#x27;d quit and do my own thing. If I knew what customers wanted, and the company didn&#x27;t, why stay?<p>You could have a situation where the sales people talk directly to the developers. If sales team were the managers, then they tend to over-promise. If engineering was in charge, then what they build tend to be out-of-touch with their market.<p>Taking out the manager is to bet that sales team and engineering team can work with each other directly with equal clout, and be able to maintain that equilibrium.<p>But for my own situation, if the founders decided to quit and promote me (and everyone else) to lead the company as a holacracy, providing only salary and no equity, I&#x27;d quit. I could work on my own ideas by myself with all of the equity, why do it in a company where I have none?