"}In the case of the Valley, you know, you can maybe \nstart that with Hewlett and Packard and the famous HP Way \u2014 what they \ncalled management by walking around. No corner offices, shirt sleeves. \nThey still had ties, but we took off the jacket. And this was in the \n1950s. You know, Hewlett Packard was founded in a garage, an iconic \ngarage startup in 1939. By the fifties, it\u2019s a publicly traded company. \nIt\u2019s extremely successful.
And Hewlett and Packard, are very kind\n of self-consciously working against the Organization Man paradigm. That\n was corporate capitalism in the 1950s. So creating a culture where \nmanagement and the rank and file engineers are all kind of on the same \nside is taking the culture of the engineering lab and transferring that \ninto a corporation.And it also was I think \nphilosophically too, this was the high water mark of private sector \nunionization. People like Dave Packard were very much against unions. \nJust saw them as a sign that something\u2019s wrong with a company if you \ncan\u2019t find a way to get along. And that instead that employees of all \nrank should be rewarded with stock options, they should have a stake in \nthe ownership of the company. So it was a different model. And that kind\n of percolates through. There are a lot of HP veterans that go on to \nstart venture firms, start other companies, and they bring that laid \nback California more sort of ostensibly egalitarian corporate culture \nwith them.