In a collection of posts on X on Thursday, Paul Graham, the co-founder of startup accelerator Y Combinator, dismissed claims that OpenAI CEO Sam Altman was pressured to resign as president of Y Combinator in 2019 attributable to potential conflicts of curiosity.
“Individuals have been claiming [Y Combinator] fired Sam Altman,” Graham writes. “That’s not true.”
Altman turned a associate at Y Combinator in 2011, initially working there on a part-time foundation. In February 2014, Graham named him president of Y Combinator.
Altman — together with Elon Musk, Peter Thiel, Y Combinator founding associate Jessica Livingston and others — introduced OpenAI as a nonprofit in 2015, elevating $1 billion.
Altman for a number of years cut up his time between Y Combinator and OpenAI, successfully working each. However — based on Graham — when OpenAI introduced in 2019 that it could set up a for-profit subsidiary of which Altman could be CEO, Livingston advised Altman that he had to decide on one or the opposite: OpenAI or Y Combinator.
They advised him “if he was going to work full-time on OpenAI, we must always discover another person to run YC, and he agreed,” Graham writes. “If he’d mentioned that he was going to search out another person to be CEO of OpenAI in order that he might focus 100% on YC, we’d have been superb with that too.”
Graham’s retelling of occasions contradicts reporting that Altman was compelled to resign from Y Combinator after the accelerator’s companions alleged he’d put private initiatives, together with OpenAI, forward of his duties as president. In line with a Washington Submit story final November, Graham minimize an abroad journey brief to personally give Altman the boot.
Helen Toner, one in every of a number of ex-OpenAI board members who moved to take away Altman as OpenAI’s CEO over allegations of misleading conduct earlier than Altman managed to claw the position again, additionally claimed in an look on the Ted AI Present podcast that the true causes for Altman’s departure from Y Combinator had been “hushed up on the time.”
Reportedly, some Y Combinator companions took particular difficulty with the oblique stake in OpenAI Altman held whereas Y Combinator’s president. Y Combinator’s late-stage fund invested $10 million in OpenAI’s for-profit subsidiary.
However Graham says that the funding was made earlier than Altman was full-time at OpenAI — and that Graham himself wasn’t conscious of it.
“This was not a really large funding for these funds,” Graham wrote. “And clearly it wasn’t influencing me, since I came upon about it 5 minutes in the past.”
Graham’s posts appear conspicuously timed with an op-ed in The Economist penned by OpenAI board members Bret Taylor and Larry Summers that pushes again in opposition to assertions made by Toner and Tasha McCauley, one other former OpenAI board member, that Altman can’t be trusted to “reliably face up to the strain of revenue incentives.”
Toner and McCauley might need some extent. The Info experiences that Altman is contemplating turning OpenAI right into a for-profit company as traders, particularly Microsoft, push the agency to prioritize business initiatives.
