Rosedale says in a blog post that “it’s been an intense few months of transition, and we all feel like we are in a better place now, with a clearer sense of direction and more focus, and are ready to bring someone new into the mix as a leader.” It does not seem like much of a vote of confidence that he isn’t staying around until the new CEO is found.

SEE ALSO: Linden Lab CEO Kingdon Quits

Linden Lab, which has been surpassed in buzz and growth by a host of other gaming and social sites, cut 30 percent of its staff in early June, saying the move would allow it to “strengthen” the company’s profitability and also enable it to “extend the Second Life experience into popular social networks” and the mobile phone. Two weeks later, Kingdon quit.