I don’t know, groups seem more prone to short-term thinking than isolated individuals. Groups tend to be stuck in a local maximum, whereas an independent individual can more easily make a broad survey of existence.
The group of people scatter out from their starting point but have to remain close enough to communicate their results (or lack of) to each other. The alternative is a depth-first search that immediately heads for a likely location, but that is hard to parallelize.
It is used in some corporations.
Labor coops are usually corporations. So are labor unions. So are consumer coops, which also apply the democratic principle with a different constituency.
Although these days the lines seems to be blurring into democracy since corporations are getting larger horizontally and vertically.
One reason is that it's much easier to capture entrepreneurial rents for a capital-managed firm. A capitalist with a grand plan can hire a lot of workers and realize his plan. In a labor coop, a majority has to agree that the plan is sound - and if it's a first-mover thing, it's hard to keep some workers from starting their own business and getting there first. Dow gives some other reasons too.
Labor coops do exist, but they're usually not startups, and some types of business are much more common than others.
The Mondragon [1] corporation organizations around these lines.
In general - as I understand it - you could view Unions and Coops as attempts to apply democratic processes to operating a business.
[0] - https://www.amazon.com/Democracy-at-Work-Cure-Capitalism/dp/...
[1] - https://www.mondragon-corporation.com/en/about-us/
EDIT: for clarity and link organization
Well explained here - https://www.edge.org/response-detail/25426
Nor is rationality itself necessarily an ideal end goal. In fact, this obsession with rationality (exemplified by sites like Less Wrong and in general by scientism-adherents) is itself a perfect example of my point - a group of individuals stuck in their worldview, incapable of seeing beyond the walls of their own local culture.
For all we know there are a lot of top notch dreamers sitting in the Serengeti today that are going to die there because the groups they are surrounded by can't help them in anyway.
Without the right group surrounding the individual good luck realizing dreams and changing the behavior or thinking of any other group.
And for a contrarian example, consider someone like Nietzsche. Probably in the top 5 most influential philosophers of the past ±150 years and yet he wrote most of his books alone while wandering Europe. He also published most of them at his own expense and didn't have much of a readership until near his death, at which point he had gone mad from syphilis. There was no group around him and no community helping him. Yet here we are, deeply influenced by his ideas.