When Founders Hire a Boss and Give Up ControlBy
In 2008, Lynda Weinman and her husband, Bruce Heavin, were feeling overwhelmed by the fast-growing online education business they had launched 13 years earlier. Initially intended as a way to teach Weinman’s design students to post their portfolios on the Web, the duo had transformed lynda.com into a “$24 million-a-year” venture attracting “a lot of investor inquiries,” she says. They hired management consultant Eric Robison to help them sort through their challenges. After a month, Robison came to them with a proposal—he would quit his consulting practice and become lynda.com’s president and CEO.
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