I have never heard the "club" vs "company" comparison before, but that seems like a great way to describe the mindset of founders. Is it possible to establish

I have never heard the "club" vs "company" comparison before, but that seems like a great way to describe the mindset of founders. Is it possible to establish a company that is run like a club and are there any examples? Or am I extending the analogy too far? Perhaps some research organizations are set up along those lines?