Sam Altman

American venture-capitalist in Silicon Valley

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Sam Altman
Sam Altman TechCrunch SF 2019 Day 2 Oct 3 (cropped) (cropped).jpg
Altman in 2019
Born
Samuel H. Altman

(1985-04-22) April 22, 1985 (age 37)
Chicago, Illinois, U.S.
EducationStanford University (dropped out)
OccupationEntrepreneur
Known forLoopt, Y Combinator, OpenAI
TitleCEO of OpenAI LP and former president of Y Combinator
WebsiteOfficial website Edit this at Wikidata

Samuel H. Altman (/ˈɔːltmən/ AWLT-mən; born April 22, 1985) is an American entrepreneur, investor and programmer.[1] He is the CEO of OpenAI and the former president of Y Combinator.[2][3]

Early life and education

Altman grew up in St. Louis, Missouri; his mother is a dermatologist. He received his first computer at the age of eight.[4] He was born to a Jewish family.[5] For high school, he attended John Burroughs School and he studied computer science at Stanford University until dropping out in 2005.[6] In 2017, he received an honorary degree from the University of Waterloo.[7]

Career

Loopt

In 2005, at age 19,[8] Altman co-founded and became CEO of Loopt,[9] a location-based social networking mobile application. After raising more than $30 million in venture capital, Loopt was shut down in 2012 after failing to get traction. It was acquired by the Green Dot Corporation for $43.4 million.[10][11]

Y Combinator

Altman began as a part-time partner at Y Combinator in 2011.[12] In February 2014, Altman was named president of Y Combinator by its co-founder, Paul Graham.[13][14] Altman's first batch of investments included Loopt. In a 2014 blog post, Altman said that the total valuation of Y Combinator companies had surpassed $65 billion, including well-known companies like Airbnb, Dropbox, Zenefits and Stripe.[15] In September 2016, Altman announced that he would become president of YC Group, which included Y Combinator and other units.[16]

Altman said that he hoped to expand Y Combinator to fund 1,000 new companies per year. He also tried to expand the types of companies funded by YC, especially "hard technology" companies.[17]

In October 2015, Altman announced YC Continuity, a $700 million growth-stage equity fund that invests in YC companies.[18] Also in October 2015, Altman announced Y Combinator Research, a non-profit research lab, and donated $10 million to the group.[19] YC Research has thus far announced research on basic income, the future of computing, education, and building new cities.[20]

Altman was named the top investor under 30 by Forbes magazine in 2015,[21] one of the "Best Young Entrepreneurs in Technology" by Businessweek magazine in 2008[22] and listed as one of the five most interesting startup founders between 1979 and 2009 by his colleague Paul Graham.[23]

In March 2019, YC announced Altman's transitioning into a Chairman position to focus more on OpenAI.[24] This decision came shortly after YC announced it would be moving its headquarters to San Francisco.[25] As of early 2020, he was no longer affiliated with YC.

Angel investing

Altman is an investor in many companies, including Airbnb, Stripe, Reddit, Asana, Pinterest, Teespring, Zenefits, FarmLogs, True North, Shoptiques, Instacart, Optimizely, Verbling, Soylent, Reserve, Vicarious, Clever, and Notable PDF (now Kami).[26][27]

He was the CEO of Reddit for eight days in 2014 after CEO Yishan Wong resigned.[28] He announced the return of Steve Huffman as CEO on July 10, 2015.[29]

Nuclear energy

He is chairman of the board for Helion and Oklo, two nuclear energy companies. He has said that nuclear energy is one of the most important areas of technological development.[30]

OpenAI

Altman is the CEO of OpenAI, which is a capped-profit research company whose goal is to advance artificial intelligence in a way that is most likely to benefit humanity as a whole, rather than cause harm.[31] The organization was initially funded by Altman, Brockman, Elon Musk, Jessica Livingston, Peter Thiel, Amazon Web Services, Infosys and YC Research. In total, when the company launched in 2015, it had raised $1 billion from outside funders.[32]

Worldcoin

Altman co-founded Worldcoin in 2020. Worldcoin aims to give its new digital money to every human on Earth for free by using privacy-preserving iris recognition to ensure that its users do not claim their free share more than once.[33] Worldcoin paused its work in multiple countries after local contractors departed or regulations made doing business impossible.[34]

Philanthropy

During the COVID-19 pandemic Altman helped fund and create Project Covalence which aimed to help researchers rapidly launch clinical trials in partnership with TrialSpark, a clinical trial startup.[35][36]

Politics

According to reporting by Vox's Recode, there was speculation that Altman would run for Governor of California in the 2018 election, which he did not enter. In 2018, Altman launched "The United Slate", a political movement focused on fixing housing and healthcare policy.[37]

In 2019, Altman held a fundraiser at his house in San Francisco for Democratic presidential candidate Andrew Yang.[38] In May 2020, Altman donated $250,000 to American Bridge 21st Century, a Super-PAC supporting Democratic presidential candidate Joe Biden.[39][40]

Personal life

Altman has been vegetarian since childhood.[41][42] Altman is gay and has been out since his teen years.[43] He dated his Loopt co-founder Nick Sivo for nine years before they broke up shortly after the company was acquired.[44]

References

  1. ^ "Sam Altman". SamAltman.com. Archived from the original on December 11, 2015. Retrieved December 15, 2015.
  2. ^ Graham, Paul (April 24, 2014). "Sam Altman for President". Y Combinator. Archived from the original on March 25, 2017. Retrieved March 20, 2017.
  3. ^ "OpenAI". December 12, 2015. Archived from the original on August 8, 2017. Retrieved March 20, 2017.
  4. ^ Junod, Tom (December 18, 2014). "How Venture Capitalists Find Opportunities in the Future". Esquire. Archived from the original on December 20, 2015. Retrieved December 15, 2015.
  5. ^ Friend, Tad (October 3, 2016). "Sam Altman's Manifest Destiny". The New Yorker. Archived from the original on May 17, 2017. Retrieved May 17, 2017.
  6. ^ "People". Y Combinator. Archived from the original on June 25, 2014. Retrieved December 15, 2015.
  7. ^ "Spring 2017 honorary and award recipients". Registrar's Office. University of Waterloo. Archived from the original on December 1, 2017. Retrieved July 7, 2017.
  8. ^ Ankeny, Jason (April 25, 2015). "Meet Y Combinator's Bold Whiz Kid Boss". Archived from the original on December 22, 2015. Retrieved December 15, 2015.
  9. ^ "Executives". Loopt. Archived from the original on February 16, 2012. Retrieved December 15, 2015.
  10. ^ "Startup Loopt Lands with Green Dot". The Wall Street Journal. March 9, 2012. Archived from the original on March 13, 2012. Retrieved March 13, 2012.
  11. ^ "Sam Altman: Why customer love is all you need | Masters of Scale podcast". WaitWhat. Archived from the original on March 20, 2018. Retrieved March 20, 2018.
  12. ^ "Y Combinator president Sam Altman is stepping down amid a series of changes at the accelerator". TechCrunch. March 8, 2019. Retrieved March 18, 2019.
  13. ^ "Garry Tan Says Goodbye to Y Combinator". TechCrunch. November 6, 2015. Retrieved March 18, 2019.
  14. ^ Graham, Paul (April 24, 2014). "Sam Altman for President". Y Combinator. Archived from the original on March 25, 2017. Retrieved December 15, 2015.
  15. ^ "YC Stats". Y Combinator. August 26, 2015. Archived from the original on December 18, 2015. Retrieved December 19, 2015.
  16. ^ Altman, Sam. "YC Changes". Y Combinator. Archived from the original on November 7, 2016. Retrieved November 7, 2016.
  17. ^ "Y Combinator President Sam Altman is Dreaming Big". Fast Company. April 16, 2015. Archived from the original on July 22, 2015. Retrieved July 22, 2015.
  18. ^
    • "YC Continuity". Y Combinator. October 15, 2015. Archived from the original on December 18, 2015. Retrieved December 19, 2015.
    • "YC Continuity". VentureBeat. October 15, 2015. Archived from the original on December 22, 2015. Retrieved December 19, 2015.
  19. ^ "YC Research". Y Combinator. October 7, 2015. Archived from the original on February 15, 2016. Retrieved February 19, 2016.
  20. ^ "Y Combinator Research". YC Research. Archived from the original on June 11, 2016. Retrieved August 3, 2016.
  21. ^ "Forbes' 30 Under 30 2015: Venture Capital". Forbes. January 5, 2015. Archived from the original on February 20, 2015. Retrieved February 28, 2015.
  22. ^ "Tech's Best Young Entrepreneurs". Businessweek. April 18, 2008. Archived from the original on April 28, 2009. Retrieved April 19, 2009.
  23. ^ Graham, Paul (April 2009). "Five Founders". Archived from the original on April 17, 2009. Retrieved April 19, 2009.
  24. ^ Loizos, Connie (March 9, 2019). "Did Sam Altman make YC better or worse?". TechCrunch. Retrieved February 3, 2020.
  25. ^ "Y Combinator president Sam Altman is stepping down amid a series of changes at the accelerator". TechCrunch. March 8, 2019. Retrieved February 3, 2020.
  26. ^ Altman, Sam. "Angel List". Angel List. Archived from the original on May 9, 2015. Retrieved April 20, 2015.
  27. ^ "How Notable PDF built an annotation tool for PDFs on the web". April 5, 2017. Archived from the original on April 5, 2017. Retrieved March 26, 2018.
  28. ^ "A New Team At Reddit". Sam Altman. November 13, 2014. Archived from the original on February 13, 2015. Retrieved February 13, 2015.
  29. ^ "An Old Team At Reddit". reddit. Archived from the original on December 26, 2015. Retrieved July 13, 2015.
  30. ^ "Energy". Sam Altman. Archived from the original on June 29, 2015. Retrieved July 13, 2015.
  31. ^ "OpenAI". December 12, 2015. Archived from the original on August 8, 2017. Retrieved December 15, 2015.
  32. ^ Olanoff, Drew (December 11, 2015). "Artificial Intelligence Nonprofit OpenAI Launches With Backing From Elon Musk And Sam Altman". TechCrunch. Archived from the original on October 20, 2022. Retrieved October 20, 2022.
  33. ^ "Worldcoin Wants To Give Cryptocurrency To Every Human On Earth". Forbes. Archived from the original on September 8, 2022. Retrieved September 8, 2022.
  34. ^ "Crypto Startup That Wants to Scan Everyone's Eyeballs Is Having Some Trouble". Bloomberg News. March 16, 2022. Archived from the original on March 16, 2022. Retrieved March 16, 2022.
  35. ^ "Teaming tech and pharma, effort seeks to speed Covid-19 clinical trials". STAT. June 16, 2020. Archived from the original on October 18, 2020. Retrieved October 17, 2020.
  36. ^ "Project Covalence". Sam Altman. Archived from the original on October 22, 2020. Retrieved October 17, 2020.
  37. ^ Romm, Tony (July 31, 2017). "Sam Altman will spend big on a new political movement to fix U.S. housing, health care and more". Vox. Archived from the original on January 19, 2023. Retrieved January 19, 2023.
  38. ^ Russell, Melia. "Andrew Yang preached his tech-friendly gospel at Sam Altman's San Francisco house: You can't treat tech like oil companies and breaking up Amazon won't bring malls back". Business Insider. Archived from the original on July 2, 2020. Retrieved June 30, 2020.
  39. ^ Tindera, Michela. "Silicon Valley's Sam Altman Gave $250,000 To Democratic Super-PAC Supporting Biden". Forbes. Archived from the original on July 3, 2020. Retrieved June 30, 2020.
  40. ^ "FEC Filings" (PDF). Archived (PDF) from the original on June 9, 2020.
  41. ^ Altman, Sam (April 10, 2018). "Productivity". Sam Altman. Archived from the original on July 31, 2022. Retrieved August 3, 2022.
  42. ^ "Fireside Chat with Sam Altman". Rescale. February 24, 2020. Archived from the original on August 3, 2022. Retrieved August 3, 2022.
  43. ^ Tech Pride: Sam Altman, archived from the original on February 3, 2023, retrieved January 21, 2023
  44. ^ Friend, Tad (October 3, 2016). "Sam Altman's Manifest Destiny". New Yorker. Archived from the original on May 17, 2017. Retrieved February 18, 2020.

External links

Original content from Wikipedia, shared with licence Creative Commons By-Sa - Sam Altman