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The founders already cashed out, so now it's Conde Nast's problem. They don't really seem to notice Reddit, so Reddit just putters along. I'd say it was damne
by redthrowaway 16y ago
The founders already cashed out, so now it's Conde Nast's problem. They don't really seem to notice Reddit, so Reddit just putters along. I'd say it was damned successful, with Ohanian and Huffman cashing out within a year. Everything since is just gravy.
- axod 16y agoSure. I was talking about Reddit the business rather than the founders. It's clear these days you barely need a company or business model to be able to cash out as a founder if you get lucky or know the right people.
- redthrowaway 16y agoThat's a fair point, although they sold in 06, a bit before the current fever to throw money at startups. It seems like CN originally thought they'd use reddit to drive traffic to their sites, that didn't work, so they kind of forgot about it.