Most entrepreneurs have expectation, hopes and desires for their organization. A successor – it is hoped- will share this vision, except, of course, in case where the entrepreneur’s plans have gotten the organization in trouble and a new vision in needed. Examples are plentiful today because of the huge increase in life sciences ventures, high-technology ventures, and other emerging technologies in which the founding entrepreneur possesses the initial vision to launch the company but lacks the managerial experience to grow the venture. Outside executive experience is sought because the board of directors may feel that a more managerial, day-to-day entrepreneurial manager is needed to replace the highly conceptual, analytical entrepreneur who founded the company.