Philip Rosedale is stepping down as CEO of Linden Lab. Faced with the classic founders dilemma of continuing to evangelise and innovate versus running a business, the man behind Second Life has elected to find a replacement. This is often one of the hardest decisions for a founding CEO to make, and hats off to Philip for doing so in a considered way. Reading between the lines in this piece it is clear that he was supported in his decision by his board.
It is an interesting transition phase for the company, what with the CTO having moved on only a few months back. One can only hope they find someone of the right calibre to get the business firing again.