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"realized LinkedIn needed to scale, which means giving more attention to management issues, something that isn’t his strength. “His passion is in the product."
That's a such a classic, selfless act, it's hard to find such personalities in the Valley. Anyway, best luck to him :)
You've got it backwards. Reid didn't do this on our insistence--our only condition of investment was that Reid stay with the company after hiring the CEO.
Frankly everyone who knows me – say has had dinner with me – knows that the CEO job has never been my aspiration. I want to build products and businesses that improve millions of peoples lives; any particular job is just the price I have to pay in order to accomplish those goals. As a company builds, the CEO job becomes more and more about building an organization where most of the substantive problems are solved by people in the organization – the CEO recruits, manages, empowers, and organizes those people. Personally, I prefer working directly on the problems and less on the organization. So, I recruited a world-class guy at building organizations, and gave myself a role working on some of the central problems. End result: Linkedin should get a great organization and a great product by the end of the year. This year our focus is on showing every professional how to use us effectively to become faster and more effective in their work and professional lives.
This is written from the road, so will try to follow up on this more later.