American businessman and investor Samuel Harris Altman was born on April 22, 1985. He led Y Combinator as president from 2011 to 2019, and then he led OpenAI as CEO from 2020 to 2023.
Sam Altman Net Worth
Sam Altman is a blogger, investor, entrepreneur, and programmer has net worth between $5oo and $700. As the former president/CEO of both the artificial intelligence research center OpenAI and the technology startup accelerator Y Combinator, Sam Altman has a prominent place in the history of both organizations.
Altman is a prominent angel investor who has put money into companies like Asana, Zenefits, Instacart, Soylent, and Airbnb through his work at Y Combinator and his investments.
In March of 2023, it became public knowledge that Sam Altman had not invested in OpenAI. This suggests that he did not gain greatly from the private valuation of the company skyrocketing. Sam Altman was sacked from OpenAI on November 17, 2023.
Sam Altman Early Years and Schooling
Sam Altman’s birthday is April 22nd, and he was born in Chicago. He attended John Burroughs School in the St. Louis suburb of Ladue and grew up in the city. Altman pursued a degree in computer science at Stanford University, but he left the university in 2005.
Sam Altman Career Beginnings
In 2005, when Altman was only 19 years old, he co-founded the startup Loopt and eventually took over as CEO. The firm provided a smartphone app for geo-social networking that enabled users to selectively share their locations with others. Loopt was shut down in 2012 after Altman raised over $30 million in venture money but the company never took off. Green Dot Corporation ended up buying it.
What is Y Combinator?
Altman joined Y Combinator, a startup incubator that has launched over 3,000 startups including Airbnb, Dropbox, DoorDash, Reddit, and Twitch, as a part-time partner in 2011. Altman succeeded Paul Graham as the company’s president in 2014, after he had served in the role for a few years. His firm, Loopt, was included in his initial round of funding.
For new businesses, Altman has started a new agreement in which they will invest $150,000 for 7% equity. In 2015, he announced the launch of YC Continuity, a $700 million growth-stage equity fund that invests in the firms of Y Combinator.
In the same year, Altman announced the launch of Y Combinator Research, a non-profit lab that focuses on studying issues related to computing’s future as well as basic income, urban development, and education.
In 2016, Altman declared his intention to take on the role of president of YC Group, which includes Y Combinator and the other divisions. Three years later, he moved into the role of chairman to devote more time to OpenAI, his other business venture. Former YC Group CEO Altman is no longer involved with the organization after being succeeded by Geoff Ralston in 2019.
Sam Altman Investing from Angels
One of the most influential people in the field of agent investing is Altman. Airbnb, Reddit, Asana, Pinterest, Teespring, Instacart, Vicarious, Soylent, Verbling, and Stripe are just some of the prominent firms in which he has invested. Additionally, he served as the CEO of Reddit for eight days in 2014, following Yishan Wong.
Sam Altman Different Efforts
Altman is the chairman of the board for both Oklo and Helion, nuclear energy companies, in addition to his entrepreneurship and investment efforts. He has asserted that the field of nuclear energy is crucial for global technological advancement.
Philanthropically, Altman was instrumental in supporting Project Covalence, an organization that, in collaboration with the startup TrialSpark, assists researchers in launching quick clinical COVID-19 trials. In 2020, Altman also gave $250,000 to the Super PAC American Bridge 21st Century, which was established to help Joe Biden win the presidency.
Sam Altman Private Matters
Altman is openly gay and has been since his early twenties. He keeps his personal life under wraps, so we know very little about his romantic history. Altman received an honorary degree from the University of Waterloo in 2017 despite the fact that he never completed his undergraduate degree at Stanford.
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