They used to, back around the turn of the century. Yahoo and Google, to take just two examples, got older and more experienced CEOs to supplement the youthful f

They used to, back around the turn of the century. Yahoo and Google, to take just two examples, got older and more experienced CEOs to supplement the youthful founders as the companies grew. My impression is that doing it that way is a bit old-school now. Investors would rather bet on the founders doing it Gates-style by pure intellect and vigor.