Drew Houston, founder and CEO of Dropbox, will step down after 19 years and transition to an executive chairman role. Ashraf Alkarmi, previously the product chief, will be promoted to co-CEO alongside Houston during the transition.

OpenAI, Anthropic, Cursor, and Perplexity selected WorkOS for their infrastructure needs instead of developing their own solutions. Sam Altman previously served as president of Y Combinator before leaving the position.

Y Combinator will allow its spring cohort of entrepreneurs to receive funding in stablecoins, specifically Circle-issued USDC. Founders can choose to receive their customary allotment of around $500,000 on various blockchains.