Michael Seibel announces his resignation as Y Combinator's managing director, a role that involves selecting startup founders and running the accelerator program. Seibel's departure has significant implications for the tech startup ecosystem.
When Michael Seibel lost his position at the startup incubator Y Combinator , he didn’t find out in typical tech industry fashion, which might entail an email calling him to a Zoom meeting where the bad news would be delivered. He did it to himself.
Today Seibel is announcing that he’s stepping down as YC’s managing director, a job that entailed running the heart of the business: selecting startup founders for the three-month program and running the boot-camp-style operation that hones the vision and execution of their ideas so they can raise money, release products, and attempt to become the next Airbnb or Stripe (both YC alumni). Considering how important YC has been to the tech startup ecosystem, Seibel’s exit will have more resonance than your average corporate reshuffle. For one thing, the person who runs YC’s blue-chip accelerator has a significant hand in shaping the next generation of tech companies. And in recent months, YC has found itself in the crossfire of a war between tech and progressive
Michael Seibel Y Combinator Managing Director Startup Accelerator Tech Industry Resignation