Michael Seibel Explained

Michael Seibel
Birth Place:New York City, U.S.
Education:Yale University
Birth Date:7 October 1982

Michael Seibel (born October 7, 1982) is a partner at Y Combinator and co-founder of two startups – Justin.tv/Twitch and Socialcam.[1] [2] He first joined Y Combinator in 2013, advising hundreds of startups, and has been active in promoting diversity efforts among startup founders.[3] [4]

Education & Startups

Seibel was born in Brooklyn and calls New York City his favorite city.[5] He moved to East Brunswick, New Jersey as a pre-teen and is a 2000 graduate of East Brunswick High School.[6] At Yale, he majored in political science and became friends with Justin Kan. After his graduation in 2005, he worked as a finance director for Kweisi Mfume's unsuccessful run for the U.S. Senate in 2006. He then moved to Silicon Valley to co-found Justin.tv, and became CEO at the company (from 2007 to 2011). He then became CEO of Socialcam,[7] a social video-sharing app that launched in March 2011 and sold to Autodesk for $60 million in 2012 (after existing for only 18 months). In 2014 Justin.tv was renamed Twitch Interactive[8] and later that year sold to Amazon for $970 million.[9]

Startup Mentoring, Y Combinator, Investments, Board Seats

In 2008, Michael Seibel was a key mentor to the co-founders of Airbnb and recommended them to Y Combinator.[10] [11]

In 2013 he became a part-time partner at Y Combinator and joined Y Combinator as its first African-American partner in October 2014.[12] [13] He became CEO of the Y Combinator Startup Accelerator in 2016.[14] On March 15, 2024, Seibel announced that he was stepping down from his leadership role at Y Combinator after 8 years and returning to his original role of partner.[15]

Some of Seibel's personal startup investments include Cruise, Brex, Figma, Rippling, Reddit, Clipboard Health, and Promise.[16] [17] [18] [19]

On June 10, 2020, it was announced that Seibel was named a Reddit board member, replacing Alexis Ohanian, who resigned on June 5, 2020, in response to the murder of George Floyd.[20] In his resignation announcement, Ohanian had urged Reddit's board of directors to fill his vacant board seat with a black candidate.[21] [22] Reddit later named Seibel as the "first black board member in the company's history".[23]

On December 15, 2020, it was announced that Seibel was named to the Dropbox board of directors.[24]

See also

Notes and References

  1. Web site: Y Combinator's Michael Seibel Says This Area Is Ripe for Disruption . Fortune.com . 2016-03-09 . Emily Price . September 24, 2016.
  2. Web site: With a new CEO, Y Combinator will wind down fellowships and start a MOOC. Kolodny. Lora. TechCrunch. 13 September 2016 . 2017-03-14.
  3. Web site: Michael Seibel LIVE Chat on Product Hunt . Product Hunt . March 8, 2016 . September 24, 2016.
  4. Web site: Michael Seibel. 2021-06-18. Black Entrepreneurs & Executives Profiles. en-CA.
  5. Web site: questions with Michael Seibel. CNNMoney. 2019-03-27.
  6. https://www.allamericanspeakers.com/speakers/424570/Michael-Seibel Michael Seibel Biography
  7. Web site: New Race: Building the Instagram of Video . The Wall Street Journal . 2012-05-08 . Jessica E. Vascellaro . September 24, 2016.
  8. Web site: Justin.tv Shuts Down To Let The Company Focus On Twitch. Kumparak. Greg. TechCrunch. 5 August 2014 . 2017-03-14.
  9. Web site: Amazon Will Buy Twitch For Over $1 Billion. Wilhelm. Alex. TechCrunch. 25 August 2014 . 2017-03-14.
  10. News: 2017-02-21 . Airbnb's Surprising Path to Y Combinator . 2017-03-14 . Backchannel.
  11. News: Stone . Brad . January 26, 2017 . The $99 Billion Idea: How Uber and Airbnb Won . 2017-03-14 . Bloomberg.com.
  12. Web site: Jessica Guynn . 2014-12-03 . Y Combinator hires first black partner to recruit more minorities . September 24, 2016 . Usatoday.com.
  13. Web site: Michael Seibel . September 24, 2016 . LinkedIn.
  14. Web site: Lora Kolodny . 2016-09-13 . With a new CEO, Y Combinator will wind down fellowships and start a MOOC . September 24, 2016 . TechCrunch.
  15. News: Levy . Steven . 15 March 2024 . Y Combinator's Chief Startup Whisperer Is Demoting Himself . 17 March 2024 . Wired (magazine).
  16. Web site: Spangler . Todd . 2020-06-10 . Reddit Names Y Combinator’s Michael Seibel to Board, Replacing Co-Founder Alexis Ohanian . 2024-05-20 . Variety . en-US.
  17. Web site: GM Buying Self-Driving Tech Startup for More Than $1 Billion . 2017-03-14 . Fortune.
  18. Web site: 2022-04-19 . Clipboard Health Secures Total of $80M in Funding, Reaching $1.3B Valuation . 2024-05-20 . www.businesswire.com . en.
  19. Web site: Promise Co-Founder and CEO Phaedra Ellis-Lamkins on Being a Force for Good . 2024-05-20 . Y Combinator . en.
  20. Web site: Reddit names its first black board member, Y Combinator CEO Michael Seibel . TNW . 2020-06-10 . Ivan Mehta . June 10, 2020.
  21. Web site: Alexis Ohanian asked to be replaced by a black candidate on Reddit's board. Reddit listened . CNN . 2020-06-10 . Kaya Yurieff . June 10, 2020.
  22. Web site: Alexis Ohanian Sr. on Instagram . https://ghostarchive.org/iarchive/s/instagram/CBD1lm4HPdi . 2021-12-24 . limited. I have resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate. . Instagram . 2020-06-05 . Alexis Ohanian . June 10, 2020.
  23. Web site: Kaya . Yurieff . Sara Ashley . O'Brien. Alexis Ohanian asked to be replaced by a black candidate on Reddit's board. Reddit listened. 2020-06-30. CNN. 10 June 2020 .
  24. Web site: Dropbox Adds Twitch Co-Founder to Board to Advise Growth. 2021-07-12. THE ORG. en.

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