That summer, Stanford sophomores Sam Altman and Nick Sivo worked to build the first prototype of Loopt. They were later joined by Alok Deshpande as well as two of Sam's childhood friends, Rick & Tom Pernikoff.

In 2005, at the age of 19, [17] Sam Altman co-founded Loopt, [18] a location-based social networking mobile application. As CEO, he raised more than $30 million in venture capital for the company, including an initial investment of $5 million from Patrick Chung of Xfund and his team at New Enterprise Associates , followed by investments from ...

At 19, Sam Altman dropped out of Stanford and raised $30M to found Loopt

Jul 22, 2024 · In 2005, Sam Altman co-founded a location-based social networking app called Looped at the age of 19. Looped was accepted into the first batch of Y Combinator, a startup accelerator. Y Combinator was founded by Paul Graham and became a significant milestone in Sam Altman’s career.

Sep 7, 2010 · Sam Altman, Loopt's 25-year-old co-founder and chief executive, spoke recently with Bloomberg contributor Antone Gonsalves about how his company, which has 4 million users and more than $17...

Sam Altman’s journey from Loopt’s failure to leading OpenAI highlights resilience, visionary thinking, and long-term impact in tech.

Oct 24, 2016 · Sam Altman is the President of YC Group, which oversees Y Combinator, the seed investment firm that has funded 1,500 startups with a combined value of $80 billion. Previously he founded Loopt, a location-based software company.

Sep 19, 2024 · For OpenAI CEO Sam Altman, dropping out of college to launch his first startup, Loopt, wasn’t as big a risk as it might seem. In fact, in Altman’s telling, the decision to leave Stanford in...

Aug 31, 2023 · Altman served as the CEO of Loopt until Green Dot Corporation acquired the company for £43.4 million in 2012. Co-founding Loopt while still at Stanford was just the beginning of a remarkable journey leading him to prominence in technology and entrepreneurship.

Sep 25, 2023 · Throughout Kornfield’s remarks, Altman sat with his legs uncrossed, his hands folded in his lap, his posture impressive, his face arranged in a manner determined to convey patience (though...