Y-Combinator co-founder Paul Graham announced Friday that he is stepping down from his role as president of the startup incubator.
Taking his place is Y-Combinator partner Sam Altman, who will lead the organization's next batch of entrepreneurs. Graham said he will continue to hold office hours to advise startups, but Altman will take over the day-to-day of running YC. Altman founded Loopt, a mobile location-based application developer that he later sold. He was one of the founders first backed by YC.
"Why the change? Because YC needs to grow, and I'm not the best person to grow … Read more