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Sam Altman steps down as president of Y Combinator, will transition into a chairman role

We have a few updates about YC to share. Nick Bastone / Business Insider : Sam Altman, one of the world's most influential tech investors, has stepped down as president of Y Combinator Khari Johnson / VentureBeat : Y Combinator president Sam Altman steps down to focus on OpenAI Katie Burke / Silicon Valley Business Journal : Luxury hospitality group checks into former Skylonda Lodge for new 16-acre Silicon Valley wellness retreat Biz Carson / Forbes : Y Combinator President Sam Altman To Step Down Amid Wider Changes At Famed Startup Accelerator Tweets: Neal Khosla / @nealkhosla : YC, unlike most funds, is dependent on the system for company building and the network of entrepreneurs, not on the partners. This is why it will continue to be successful. This is a unique cultural, process and structure thing that @paulg created and @sama further developed. http://twitter.com/... Kate Clark / @kateclarktweets : Y Combinator president Sam Altman (@sama) is stepping down. Sources tell TechCrunch the accelerator has no succession plans: https://techcrunch.com/... Brian Hurley / @brianhurley : Y Combinator president Sam Altman steps down to focus on OpenAI http://dlvr.it/R0SrrK pic.twitter.com/ys9HreXNHN Alexis Ohanian Sr. / @alexisohanian : I got nervous at first that you were leaving. Moving to SF is a massive change for @ycombinator - certainly makes our Demo Day visit a lot easier! http://twitter.com/... Ryan Hoover / @rrhoover : Big updates just announced at @ycombinator: @sama is moving to a Chairman role YC is moving to SF 200+ companies are presenting later this month (+25% from S18) http://blog.ycombinator.com/ ... Kyle Russell / @kylebrussell : Huh! Very curious to see what Sam goes on to do as his next primary gig http://twitter.com/... Kia K. / @imkialikethecar : this is something we'd been hearing for a while... looks like he finally pulled the trigger https://www.axios.com/...

Axios Dan Primack