Mr Rosedale wrote on the Second Life blog: "I will be 100 per cent involved and fulltime at Linden Lab. Second Life is my life's work, and I am not going anywhere."
Rosedale is stepping back from the day-to-day running of the company to become chairman and work on strategy and design.
Listing moves closer
Despite recent criticism focused on technical flaws and difficulty level for first-time users, as well as notably increased competition in the sector, Linden Labs was ”absolutely in the ballpark of profitability”, according to a recent Financial Times interview with current chairman Mitch Kapor.
Kapor also claimed that the company would be able to go public on its current financial numbers.