There is an update now on the article. Could be a very wise move.
"Update: Spokeswoman Kay Luo and co-founder Konstantin Guericke have since responded. Both said the change had nothing to do with the financing. Hoffman hired a recruiter almost four months ago, and interviewed 72 candidates. Hoffman wants to build LinkedIn into a multi-billion dollar company, they said, and realized LinkedIn needed to scale, which means giving more attention to management issues, something that isnt his strength. His passion is in the product, said Guericke, rather than in sorting out management stuff. Nye is a protege of Intuit Chairman Bill Campbell, someone Hoffman respects, Luo said.
"Update: Spokeswoman Kay Luo and co-founder Konstantin Guericke have since responded. Both said the change had nothing to do with the financing. Hoffman hired a recruiter almost four months ago, and interviewed 72 candidates. Hoffman wants to build LinkedIn into a multi-billion dollar company, they said, and realized LinkedIn needed to scale, which means giving more attention to management issues, something that isnt his strength. His passion is in the product, said Guericke, rather than in sorting out management stuff. Nye is a protege of Intuit Chairman Bill Campbell, someone Hoffman respects, Luo said.