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It's fascinating to see how his responses have changed to be more out-of-touch so dramatically since he did this AMA and now. Not knowing too much about how Red

It's fascinating to see how his responses have changed to be more out-of-touch so dramatically since he did this AMA and now. Not knowing too much about how Reddit has changed over the years, I wonder what the timeline is for his change.

faeyanpiraat 3y ago
Money corrupts, I guess?
- echelon 3y ago
  Steve Huffman exited once before. Did he get equity to return again as CEO? I don't understand why he'd return instead of starting something new.
  - whyenot 3y ago
    Hipmunk wasn’t doing well and Reddit had just chewed through two different CEOs. Maybe he needed somewhere to go, and was up for a challenge?
  - Moto7451 3y ago
    He surely did. It’s usually part of comp packages for any member of the C suite. I was the second engineering hire at a lifestyle business turned VC funded startup. After we went public and I could see disclosures including how many shares were paid out to the C Suite. The board and some first time C Suite members got the same level of equity in their comp package that I had received over six years of working there. Some replacement/new C Suite positions that had been in the C Suite prior received a few times what I received to start and received additional packages every year. Rank has its privileges.
    - vinhboy 3y ago
      I'm curious what is the normal equity share given to board members? Is their advisory worth six years of engineering?
      - ydidntithnkftht 3y ago
        Varying sources but anything from .25% to 3% or more depending on how they get their seat I think. Some with no vesting schedules at all. https://medium.com/@theBoardlist/three-things-no-one-tells-you-about-your-first-startup-board-role-c018addf95e4 https://medium.com/@theBoardlist/three-things-no-one-tells-y...
baby 3y ago
My guess is that with massive communities like that, good feedback is lost in the ocean of shitty users overreacting. At some point you build up a shield and can't really have meaningful interactions with your users. I bet this is what happened with Facebook.
- babyshake 3y ago
  This also happens frequently with celebrities and pop stars. I'm impressed by the likes of Taylor Swift who at least appear to have a genuine love for their fans despite what must be a lot of pretty crazy behavior on the part of the most extreme fans.
  - bombcar 3y ago
    Some of whom sue her, hehe.

faeyanpiraat 3y ago

Money corrupts, I guess?

echelon 3y ago
Steve Huffman exited once before. Did he get equity to return again as CEO? I don't understand why he'd return instead of starting something new.
- whyenot 3y ago
  Hipmunk wasn’t doing well and Reddit had just chewed through two different CEOs. Maybe he needed somewhere to go, and was up for a challenge?
- Moto7451 3y ago
  He surely did. It’s usually part of comp packages for any member of the C suite. I was the second engineering hire at a lifestyle business turned VC funded startup. After we went public and I could see disclosures including how many shares were paid out to the C Suite. The board and some first time C Suite members got the same level of equity in their comp package that I had received over six years of working there. Some replacement/new C Suite positions that had been in the C Suite prior received a few times what I received to start and received additional packages every year. Rank has its privileges.
  - vinhboy 3y ago
    I'm curious what is the normal equity share given to board members? Is their advisory worth six years of engineering?
    - ydidntithnkftht 3y ago
      Varying sources but anything from .25% to 3% or more depending on how they get their seat I think. Some with no vesting schedules at all. https://medium.com/@theBoardlist/three-things-no-one-tells-you-about-your-first-startup-board-role-c018addf95e4 https://medium.com/@theBoardlist/three-things-no-one-tells-y...

baby 3y ago

My guess is that with massive communities like that, good feedback is lost in the ocean of shitty users overreacting. At some point you build up a shield and can't really have meaningful interactions with your users. I bet this is what happened with Facebook.

babyshake 3y ago
This also happens frequently with celebrities and pop stars. I'm impressed by the likes of Taylor Swift who at least appear to have a genuine love for their fans despite what must be a lot of pretty crazy behavior on the part of the most extreme fans.
- bombcar 3y ago
  Some of whom sue her, hehe.