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New Y Combinator President Geoff Ralston explains why he's so excited about investing in the youngest startups, and his philosophy for helping them to grow

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Pedro Cote
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Ralston has been at Y Combinator since 2011 and has known cofounder Paul Graham for 20 years.

Ralston says that part of the draw to early-stage investing is " seeing Uber before it's Uber," and watching founder teams build an idea into a mutli-billion-dollar business.

Y Combinator has helped mentor companies like Airbnb, Dropbox, and Stripe.

Y Combinator's new president isn't trying to shake things up, but he's definitely planning on getting a least a little hands-on.

Ralston will replace Sam Altman, who announced his departure as president in March to dedicate his time to OpenAI, the research organization he co-founded with Elon Musk.

With Ralston now at the helm, Altman is also stepping down as chairman, but will remain in an advisory role.

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