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by reducesuffering
822 days ago
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"For an institution that had historically promoted from within, first with Sam Altman, now CEO of OpenAI, then Ralston, the Tan era came as a shock. Within YC, many staff had wanted Michael Seibel, the cofounder of Twitch and YC’s longtime batch leader, to get the job. Multiple sources remembered longtime partner Dalton Caldwell vocalizing what others were feeling, too: we’re all just employees who work here, message received. Seibel, meanwhile, wrote a letter to YC’s board to explain his disappointment at being passed over, despite broad internal support. He vowed to support Tan moving forward, anyway. Caldwell and Seibel declined to comment on those incidents through a YC spokesperson." https://www.forbes.com/sites/alexkonrad/2024/03/08/inside-ga... https://archive.is/a4Tno#selection-615.0-623.266 |
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I suppose all of them were still sadly supportive of the SVB bailout, "government cronyism for me, capitalism for thee". So much for any illusion of libertarian ethos.
If Garry Tan stays long as YC CEO, I'm betting we have a mutiny and a fork form. It looks like Seibel isn't going to do all the work of leading the batch while Tan reaps the larger share of rewards.