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Y Combinator s Sam Altman teams up with Michael Klein to launch SPAC looking to raise $1 billion
By Reuters Staff
2 Min Read
FILE PHOTO: Sam Altman, President of Y Combinator, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. REUTERS/Lucy Nicholson
(Reuters) - Y Combinator’s Sam Altman is joining forces with veteran Wall Street dealmaker Michael Klein to launch a blank-check firm that is seeking to raise up to $1 billion, according to a regulatory filing on Monday.
Altman, who will also be designated as the co-founder of AltC Acquisition Corp, continues to be chairman at Silicon Valley startup accelerator Y Combinator, which over the years has influenced the creation of dozens of leading startups including Airbnb and Dropbox Inc.