The HBR article was written in 2008. It seems like more investors are wanting (or more like finally allowing or being forced by the market) founders to remain in control. YC started out as an experiment that founders, even young ones, were good bets on creating a lot of value.
Ben Horowitz wrote a blog post in 2010 about their preference for founder CEOs.
Ben Horowitz wrote a blog post in 2010 about their preference for founder CEOs.
http://www.bhorowitz.com/why_we_prefer_founding_ceos