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Isn’t it misleading to say Reddit is backed by YC now? > reddit has had a long and complex history, starting as one of the first Y Combinator companies, then a
by greenleafjacob 9y ago
Isn’t it misleading to say Reddit is backed by YC now?
> reddit has had a long and complex history, starting as one of the first Y Combinator companies, then as a division of Conde Nast, and three years ago spun out as an independent entity.
Then they raised 50M in 2014.
- dpcx 9y agoIf that's the case then it should be considered misleading to note that they were a division of Conde Nast. But it's not. It's a historical fact that all three of those things happened, and some people might not know how Reddit got to where they are.
- tptacek 9y agoNot really. YC is usually a minority shareholder, even for newer companies.