Certainly not shy of helping startups, Friedman has invested in these emerging company as an angel investor, putting money into companies like Instacart, Parse, Fundersclub, Rickshaw, Zesty, and Expedite. In 2005, he decided to become an entrepreneur where he and his partners, Tikhon Bernstam and Trip Adler, started a document sharing service called Scribd.
Dubbed by some as the “Netflix for books“, Scribd has gone on to amass an audience of 80 million users, thanks to its expansion into audiobooks and book deals with major publishers like Macmillan. The company joined Y Combinator in the summer of 2006, which is fitting since the organization has a history of elevating program alumni as partners, like Sam Altman, Justin Kan, Gerry Tan, Qasar Younis, and others.
Friedman took a sabbatical from Scribd in July 2015.
Y Combinator has been on a roll adding new partners, both full and part-time. Last month it added three new members to its inner circle, including Pinterest chief executive and cofounder Ben Silbermann, Airbnb’s Joe Gebbia, and 23andMe cofounder Anne Wojcicki.
“Sam has a vision for putting YC at the center of all kinds of innovation, and you can see it emerging piece by piece,” Friedman wrote in a blog post. “Much like when I read PG’s essays a decade ago, it’s inspired me all over again to believe in the power of a small group of individuals to create the future.”
The addition of Friedman brings Y Combinator’s headcount for full-time partners at 16.
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Co… read more »
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