The question of when a founder should step aside is a difficult one. The trend used to be that founders stepped aside in favor of more professional management. This is how they did it at Google, Yahoo, and Cisco. More recently, those examples have been overshadowed by phenomenally successful founder-CEOs, like Jeff Bezos, Steve Jobs, and Larry Ellison. In a blog post yesterday, LinkedIn founder Reid Hoffman gave a detailed account of his own experience of relinquishing power, his mistakes, and how he thinks the transition should go.
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