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 submit, highlighting Seibel’s lengthy historical past with the outfit. Seibel first joined YC as a founder, going by way of 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 submit final yr, he wrote that he was able to “hand over my management tasks,” with the transition changing 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 might 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 working a separate enterprise fund on the time outdoors 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. In the meantime, he shared in his X submit that after taking this coming summer time to calm down, he’s desirous to “assist authorities higher serve its residents.” He added, “Government was the eagerness 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 by way of June.
