What happened: Rhineheart, the founder of the food-replacement maker, announced that he would be stepping down in a blog post in December. In 2016, Soylent had to stop production of some of its newer products because customers reported that they were getting sick, but 2017 had been more successful with the company raising $50 million in funding.

In the blog post, Rhineheart explained why he was handing the reins to Bryan Crowley, president of Rosa Foods, the company that owns Soylent. “Along the way I have seen my role as CEO evolve, especially enjoying the process of delegating my responsibilities to more skilled and experienced scientists, managers and executives. These specialists are clearly better at their roles than I would be, especially if I were handling tons of other responsibilities simultaneously, which is the exciting early stage of a startup. But that time has passed.”

What you can learn: Understand your limitations and know when it’s time to step aside when your company graduates from the startup phase.

https://www.entrepreneur.com/slideshow/306325