LinkedIn Makes Its Move

Reid Hoffman, CEO of LinkedIn, stepped down today. He's being replaced by a CEO who was brought in to "build the organization, while Hoffman will focus on products and strategy."

I don't have enough (any) experience in this type of move -- founder steps down/stays with the company/company brings in a CEO to "manage" as opposed to "build" -- but from my reading of various pundits, it seems like a pretty typical move for a company getting ready to go public.

Fred Wilson, as usual, has an interesting take on the move. He calls it a "step up" as opposed to a "step down".