Michael Seibel introduced late Wednesday on X that after greater than 12 years on the famed accelerator Y Combinator, he’s transitioning to a “companion emeritus” function.
Y Combinator CEO Garry Tan shared the information individually in an organization weblog put up, highlighting Seibel’s lengthy historical past with the outfit. Seibel first joined YC as a founder, going via this system twice — as soon as with the streaming startup Justin.TV and later with the streaming app Socialcam. Seibel later served as a bunch companion, managing director, and CEO of the YC accelerator.
Notably, Seibel had already stepped again right into a much less operational group companion function just lately. In a YC weblog put up final yr, he wrote that he was able to “hand over my management obligations,” with the transition turning into “efficient” after the accelerator’s winter batch of startups accomplished this system.
A dozen years is a protracted tenure for anybody, however Seibel’s departure could have been set in movement as early as 2022, when Tan was appointed President and CEO. The transfer reportedly stunned some YC staff — partly as a result of Tan was operating a separate enterprise fund on the time exterior of YC, but in addition as a result of they believed Seibel to be subsequent in line for the function.
We’ve reached out to Seibel for remark. Within the meantime, he shared in his X put up that after taking this coming summer season to chill out, he’s desirous to “assist authorities higher serve its residents.” He added, “Authorities was the fervour of my youth, and I’m excited to reengage.” Seibel signed off by thanking Y Combinator founders Paul Graham and Jessica Livingston for “altering my life.”
The information comes roughly two weeks earlier than YC’s spring batch of founders kick off their very own tour of responsibility; this system will run from April via June.
