Y Combinator founder Paul Graham says claims that Sam Altman was fired by the company are not true, explaining that he left to focus on OpenAI
OpenAI CEO Sam Altman became a partner at accelerator
Paul Graham claims Sam Altman wasn't fired from Y Combinator | TechCrunch
https://techcrunch.com/2024/05/30/paul-graham-claims-altman-wasnt-fired-from-y-combinator/
Paul Graham Clears Air On Sam Altman's Departure From Y Combinator After Ex-OpenAI Board Member Says It Was 'Hushed Up' - Benzinga
Altman, who became a non-executive partner at Y Combinator in 2011, initially worked part-time, but Graham appointed him president of Y Combinator in 2014.
Altman, who took over as CEO, had been the CEO of Y Combinator for several years and had been running OpenAI, a non-profit organization founded in December 2015.
However, in 2019, OpenAI established a subsidiary with Altman as its CEO, and Y Combinator founding partner Jessica Livingston asked Altman, 'Choose between OpenAI and Y Combinator.'
In addition, OpenAI co-founders Ilya Satkivr and Greg Brockman told Altman, 'If you're going to work full-time at OpenAI, you should find someone else to run Y Combinator.' Altman agreed and stepped down as Y Combinator's president.
'If Altman had said he wanted to find someone to be the CEO of OpenAI so he could focus on Y Combinator, we would have accepted that,' Graham said.
Regarding Altman's resignation as CEO of Y Combinator, some experts and foreign media have reported that he was pressured to step down as CEO by Y Combinator because he prioritized his personal goals over the company's goals.
On the other hand, Graham dismissed the allegations that Altman had resigned as head of Y Combinator, saying, 'Some people have alleged that Y Combinator fired him, but that's not true.'
I got tired of hearing that YC fired Sam, so here's what actually happened: pic.twitter.com/3YvBDH7oqV
— Paul Graham (@paulg) May 30, 2024
Graham also said that Altman had made a $10 million investment in OpenAI while he was the president of Y Combinator, and that he was not aware of the investment at the time, as it was made before Altman began working full-time at OpenAI.
That seems strange, because the for-profit arm didn't exist before he was there full-time, but I'll ask around.
— Paul Graham (@paulg) May 30, 2024
'Still, $10 million in OpenAI is not a huge investment for Y Combinator,' Graham said.
Apparently YC's later-stage fund invested $10m in the for-profit subsidiary. This was not a very big investment for those funds. And obviously it wasn't influencing me, since I found out about it 5 minutes ago.
— Paul Graham (@paulg) May 30, 2024
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