Y Combinator is relocating to San Francisco, and Altman is stepping down to focus on his research non-profit OpenAI.
Share to linkedin
Sam Altman, then president of Y Combinator, arrives in Dresden, Germany, for the 2016 Bilderberg Group conference on June 9, 2016.The president of one of Silicon Valley's most famous startup accelerator programs is stepping down. Y Combinator announced on Friday that Sam Altman is transitioning to chairman and will focus his time on OpenAI, his nonprofit AI research company.
Altman's move comes at a time of transition for the accelerator known for helping launch tech companies such as Dropbox and Airbnb. Y Combinator also confirmed on Friday that it plans to relocate its offices to San Francisco from Mountain View in California’s Silicon Valley."The center of gravity for new startups has clearly shifted over the past five years," Y Combinator said in a statement.
Under Altman's purview, Y Combinator expanded its accelerator program from hosting two batches of startup companies each year to working with companies at more stages of their growth process. Last year it added its Startup School to provide free online training on how to start a company. Y Combinator also launched a Series A program to help its graduates raise their next funding round.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Altman, one of the world's most influential tech investors, has stepped down as president of Y CombinatorSam Altman will move into a chairman role at Y Combinator, but his day-to-day duties will be relinquished to other other partners.
Read more »
Sam Altman, one of the world's most influential tech investors, has stepped down as president of Y CombinatorSam Altman will move into a chairman role at Y Combinator, but his day-to-day duties will be relinquished to other other partners.
Read more »
Longtime Netflix CMO Kelly Bennett To Step Down Amid Mounting CompetitionKelly Bennett is leaving Netflix after seven years. His successor will have to drive growth across 192 countries, fend off Oscar criticism for the company's pricey awards spending and deal with deep-pocketed new competition as subscription fees rise.
Read more »
Vale's CEO, other executives, to step down after Brazil dam burstBrazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several o...
Read more »
Sudanese opposition party leader calls on Bashir to step downSudan's main opposition party leader Sadiq al-Mahdi on Saturday called on P...
Read more »
Vale's CEO, other executives, to step down after Brazil dam burstBrazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several o...
Read more »
Tens of thousands of Algerians call on Bouteflika to step downTens of thousands of people in cities across Algeria called on President Abdelaz...
Read more »
Off the boxes and now off the board: Papa John's founder to step downSchnatter resigned as chairman last summer, following reports he had used a racial slur on a media training conference call.
Read more »
FDA Commissioner Scott Gottlieb to step downGottlieb noted his work to reduce tobacco use, discourage teen use of e-cigarettes, address the opioid epidemic and improve access to generic drugs.
Read more »