Comment by henryci

There is also something to be said about a founder not being the right person to a grow a company. A techie might make a great CEO to impress a VC and raise a million bucks. But is he able to make the right deals, find good partners, hire superstars, etc? He is invested in the company, possibly more than most so it is in his own interest to let the VCs place a better CEO so he can focus on what he is best at.