Sam Altman is stepping down as president of top startup incubator Y Combinator, apparently to spend more time on his other ventures like OpenAI which is at the forefront of AI research into it’s applications and wider impacts.

Sam will transition into a chairman role, with many of his day-to-day responsibilities assumed by YC’s partners. He was YC’s second president, picked and groomed by YC’s previous President and founder Paul Graham. It has fair to say Sam has contributed to YC’s credibility and reputation as the go to program and investor. YC is known for producing many outliers aka unicorns, incubating such hit startups as Airbnb, Stripe and Dropbox.

Sam stepping down seemingly is part of a large period of change YC have also recently confirmed reports that it plans to move it’s headquarters and their famous Demo Days from Mountain View into San Francisco.

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