3 ms·
Rhymes with reddit.com at IPO: - Sam Altman ~9% - YCombinator had <5% - Steve Huffman ~3% Although he had ~4% voting power via Class B shares. - Alexis Ohan
by robocat 6mo ago
Rhymes with reddit.com at IPO:
- Sam Altman ~9%
- YCombinator had <5%
- Steve Huffman ~3% Although he had ~4% voting power via Class B shares.
- Alexis Ohanian: Minimal
- Advance Publications: ~30%
- Tencent: ~11%.
The original founders (Steve Huffman and Alexis Ohanian) massively diluted when they sold Reddit to Advance Publications in 2006 for $10 to $20 million.
Numbers above are vaguely accurate. See https://www.untaylored.com/post/who-owns-reddit https://www.untaylored.com/post/who-owns-reddit
- deleted 6mo ago[deleted]