This is a semi-bad take. A good owner should be involved the same way a good CEO runs a company. Set a vision and standards then put the right people in place and trust them to do their jobs. Set expectations and measure progress. Make adjustments as necessary. It’s about the right balance of maintaining accountability without meddling.

Being a blank check and going away is just a different extreme and will also be unsuccessful.

They’re different skill sets. This is true in the corporate world as well. People who are great Directors or VPs get promoted to the C-Suite and fail or go from a CXO to CEO and fail. It’s a common executive leadership concept known as “what got you here won’t get you there.” It means that as you move up in levels of leadership, the skills needed for success change and you have to adapt, you can’t just do what you have always done.