Many entrepreneurs have passions for their ventures because they regard the ventures as their babies. Hence they are willing to put in greater amounts of sweat equity even if this greater effort is not fairly rewarded. This feeling is elicited by the entrepreneurs psychological ownership. Although some psychological ownership is beneficial for new venture survival, excessively high levels of psychological ownership may lead to entrepreneurs unwillingness to relinquish power and delegate. Many start-ups fail or do not achieve their full potential due to the entrepreneurs resistance to delegating in a timely way. Thus, I attempt to explore the process of delegation in new ventures. My research findings will contribute to both entrepreneurs management practice and the quality of mentoring program provided by technology incubators.