He gave up his role as CEO in 1999 and the title of chairman in 2002. In 2005 he stepped down as a director of Red Hat because he thought he could no longer contribute sufficiently to the operations of the company.
Instead, he went to work full-time on Lulu.com, a personal publishing service that he knew would take time to grow and succeed. Here's how he justified his decision and in doing so, explained his M.O. as an entrepreneur:
"I don't do today or next month well. I do five years from now well."
As an entrepreneur, you must know what you're good at.
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