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The Latest Breaking News from Y Combinator

Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars

Altman has known the Reddit founders since they were in the first class at Y Combinator, the famed startup accelerator he would go on to lead.

Fortune

‘Founder mode’ startup guru Paul Graham explains why he’s not backing Trump: ‘He ran the White House like a mob boss’

Y Combinator cofounder Paul Graham calls Trump a "crook" who cannot be trusted with the nation's highest office.

Fortune

For AI agent startups, deal count is up 81.4% year over year, says PitchBook

Per PitchBook, YC is the leading investor in LLM agents, by all-time number of investments. In the trailing 12 months, there have been 156 deals in the space.

Fortune

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‘Founder mode’ vs. ‘manager mode’: Here’s what the 22 Fortune 500 companies still run by founders tell us

Founders do indeed deliver outsize stock performance—but there’s a big caveat.

Fortune

Why Paul Graham’s ‘founder mode’ became a rallying cry

Companies can be run in two ways, “founder mode” and “manager mode,” Y Combinator cofounder Paul Graham wrote, citing a recent talk by Airbnb cofounder Brian Chesky as his inspiration.

Fortune

Startup guru Paul Graham delivers scathing rebuke of Silicon Valley's conventional wisdom about founders

"VCs who haven't been founders themselves don't know how founders should run companies, and C-level execs, as a class, include some of the most skillful liars in the world."

Fortune

Y Combinator’s first bet on weapons eyes a U.S.-China war and SpaceX playbook

“The DOD needs smaller, less expensive cruise missiles, and lots of them! But no one has delivered on that promise yet.”

Fortune

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OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

Sam Altman’s ChatGPT promises to transform the global economy. But it also poses an enormous threat. Here, a scientist who appeared with Altman before the US Senate on AI safety flags up the danger in AI – and in Altman himself

The Guardian - UK

A post about Kamala Harris pushed a long-simmering feud between tech execs into the open

A politically charged mention of “coups” brought back accusations that David Sacks ousted Parker Conrad from his own startup.

Fortune

It's AI's "Sharks vs. Jets"—welcome to the fight over California's AI safety bill

The bill aims to regulate the development and use of the most powerful AI models. Critics say it will stifle innovation.

Fortune

Exclusive: Wholesale marketplace unicorn Faire elevates CFO Lauren Cooks Levitan to president

Since its launch in 2017, the startup has raised over $1 billion from investors such as Sequoia Capital, Founders Fund, Y Combinator, Khosla Ventures, and Lightspeed Venture Partners.

Fortune

Brian Armstrong And Elon Musk Praise Scale AI CEO For Hiring Based On 'Merit', Not 'Woke' Hiring

Scale AI, a hot startup, prioritises merit and predicts AI skills will be crucial for future job opportunities.

International Business Times UK

Exclusive: Scale AI secures $1B funding at $14B valuation as its CEO predicts big revenue growth and profitability by year-end

Scale AI, which helps companies label and test data for AI model training, has closed a new $1 billion funding round at a $14 billion valuation.

Fortune

Sam Altman Net Worth 2024: Silicon Valley Visionary's Billion-Dollar Rise

Altman's official entry into the billionaire club in 2024 underscores his success in identifying and nurturing promising ventures.

International Business Times

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TechRadar

Amazon really wants startups to use AI models including Anthropic - and it's giving away free credits to all

AWS reveals precisely what $500,000 in credits for startups can be spent on, including third-party models from Anthropic and more.

The Guardian - US

Reddit shares soar on first day of public trading

Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

The Street

A pre-IPO History of Reddit: From “front page of the internet” to billion-dollar valuation

We look back at the online forum’s chaotic beginnings, and discuss what’s in store for its first public investors.

The Guardian - US

Inside tech billionaires’ push to reshape San Francisco politics: ‘a hostile takeover’

The Guardian and Mission Local unravel ‘grey money’ network flooding the progressive city with conservative cash

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Fortune

Garry Tan says founders ‘have to be in San Francisco’ as Y Combinator ditches Mountain View headquarters for the big city

Y Combinator moved its headquarters out of Mountain View last year.

Evening Standard

ChatGPT 5 release date: what we know about OpenAI’s next chatbot

The company's most advanced chatbot forms part of its mission to replicate human intelligence

Fortune

Sam Altman quietly got $75M from the University of Michigan for a new venture capital fund earlier this year

Fortune discovered the investment into Hydrazine’s fourth fund via a Freedom of Information Act request.

Fortune

Sam Altman’s ousting from OpenAI could lead to even greater success: ‘You could parachute him into an island full of cannibals and come back in five years and he’d be the king’

Altman dropped out of Stanford, started a "failed" app, then turned it into a gig running Silicon Valley's top startup incubator.

The Independent UK

What you need to know about Emmett Shear, OpenAI's new interim CEO

OpenAI is bringing in the former head of Twitch as interim CEO just days after the company pushed out its well-known leader, Sam Altman, sparking upheaval in the world of artificial intelligence

Fortune

OpenAI's meltdown: What to know about Sam Altman's ouster, the employee revolt, and Microsoft's plot twist

On Friday afternoon, the OpenAI board fired Altman, saying he has not been “consistently candid” with them. By early Monday morning, he’d been hired by Microsoft.

Evening Standard

From Stanford dropout to doomsday prepper, who is Sam Altman, the ousted CEO of OpenAI?

After a messy weekend of tech boardroom drama, Sam Altman, the ousted CEO of OpenAI, has been hired by Microsoft after bid to reinstate him failed. Emma Loffhagen reports on the 38-year-old entrepreneur who has become one of the most recognisable faces in tech.

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