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Startups

Sam Altman Steps Down as Y Combinator President

Sam Altman is stepping away from his day-to-day duties as the head of startup incubator Y Combinator. He’s transitioning into a chairman role, which still keeps him involved with the program but not as much on a regular basis, according to this report from Axios. Altman was the second person to head the program after its founder Paul Graham. In his time at YC, Altman expanded the program substantially, letting in a greater number of startups. He also widened its scope to include financing of moonshot research initiatives.

Altman already was stepping down from most of the company boards he was a part of. The Axios piece says he’ll be spending his time on outside projects like the OpenAI research initiative. But as one of the more connected people in Silicon Valley his presence will no doubt still be felt across the startup scene. 

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