He said that when talking with the board and with investors he realized that he was no longer visionary in this particular field and certainly no longer passionate about it. It happens. But since he was still the CEO people still always looked for him to set the direction of the company. He was the founder, after all. He realized he needed to leave.
20 September 2014
Self Aware Founders are the Exception not the Rule
But Mark Suster (of Upfront Ventures) is a visionary (now VC) who understands that sometimes extricating yourself from the role is best for you and the company. The backseat driver syndrome that he describes is the least helpful behavior for all involved. An excerpt from his 2011 blog post still resonates today ...