So when they decide a company has a better shot at making that slim winners' column with a new CEO, they give their investors' cash a loving pat and the incumbent boss a firm push. I'm heading up the search process. We do need to bring in somebody to help us scale up. You can't be afraid to pass the torch. Venture backer Internet Capital Group concurs.
Nobody is fooled.
Such transitions are very common. But there's nothing natural, or easy, about it.