Sam Altman steps down as president of startup program Y Combinator

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Sam Altman steps down as president of startup program Y Combinator
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Sam Altman is stepping down from his post as president of Y Combinator, the star...

FILE PHOTO: Sam Altman, President of Y Combinator, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. REUTERS/Lucy Nicholson

As YC’s second-ever president, Altman spent five years expanding the program’s reach and scale. He will move on to spending more time working on artificial intelligence efforts while remaining chairman at the company, YC said in a blog post Friday. YC also said on Friday it plans to move to San Francisco from Mountain View, California, the latest sign of how startup activity has moved away from what was traditionally Silicon Valley and concentrated in San Francisco.

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