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Or just find a way to cover operating costs and let Reddit be, you don't need to push it into a billion-user company, SV profiteering style. Maybe there is some

Or just find a way to cover operating costs and let Reddit be, you don't need to push it into a billion-user company, SV profiteering style. Maybe there is something I'm fundamentally missing, but Reddit is great right now and has been the last couple years. Just cover costs (Reddit Gold is effective) and leave her be.

DrStalker 11y ago
How many investors will be happy with that?
sharkweek 11y ago
Prior to taking on a $50M round? Maybe. Now they owe it to their investors to offer the biggest return possible. And there are some big names on the cap table: http://i.imgur.com/BSALe7M.jpg http://i.imgur.com/BSALe7M.jpg
- akhilcacharya 11y ago
  Whoa, Jared Leto?
- rgbrenner 11y ago
  They sold 16% of their company. Are you saying the interests of minority stakeholders--no matter how small-- outweigh the interests of all other stakeholders in the company?
  - smeyer 11y ago
    Did those minority stakeholders get disproportionate representation on the board as part of the investment? Edit to add: Also, Advance Publications may also be pushing for big gains.
dragonwriter 11y ago
> Or just find a way to cover operating costs and let Reddit be, you don't need to push it into a billion-user company, SV profiteering style. Sure, if you can find investors willing to sink capital into a non-profit-making venture to replace those who currently are invested in Reddit, and who would probably prefer liquidating their holdings at a loss to have something to put into a profit-making venture than to let it sit in supporting a non-profit-making discussion forum.
- monochr 11y ago
  You don't need capital if you're not expanding. Running costs include the wages for those working there. I think $150,000 or so per employee is more than enough + volunteers. Of course you would have to give up the dream of being a billionaire. Off the top of my head I can think of less than 10 people to have done that, and none of them did it after 2001.
  - dragonwriter 11y ago
    > You don't need capital if you're not expanding. You don't need additional capital beyond operational maintenance expenses if you aren't expanding, but you do need the existing capital, and that means that either (1) the existing investors need to have their standards for profitability met, or (2) someone else who is interested in operating the assets without those profit demands needs to be willing to purchase the existing capital from the current owners before they decide that their profit requirements won't be met and sell it to someone with a desire to use it for something other than its current insufficiently-profitable use.
this_user 11y ago
Reddit is partially owned by Advance Publications, parent of media company Condé Nast. I don't think this is an option for them.
ThrustVectoring 11y ago
I think basically the only way to do that is to somehow sell reddit to their users and convert it to a non-profit entity at the same time.

DrStalker 11y ago

How many investors will be happy with that?

sharkweek 11y ago

Prior to taking on a $50M round? Maybe. Now they owe it to their investors to offer the biggest return possible. And there are some big names on the cap table: http://i.imgur.com/BSALe7M.jpg http://i.imgur.com/BSALe7M.jpg

akhilcacharya 11y ago
Whoa, Jared Leto?
rgbrenner 11y ago
They sold 16% of their company. Are you saying the interests of minority stakeholders--no matter how small-- outweigh the interests of all other stakeholders in the company?
- smeyer 11y ago
  Did those minority stakeholders get disproportionate representation on the board as part of the investment? Edit to add: Also, Advance Publications may also be pushing for big gains.

dragonwriter 11y ago

> Or just find a way to cover operating costs and let Reddit be, you don't need to push it into a billion-user company, SV profiteering style. Sure, if you can find investors willing to sink capital into a non-profit-making venture to replace those who currently are invested in Reddit, and who would probably prefer liquidating their holdings at a loss to have something to put into a profit-making venture than to let it sit in supporting a non-profit-making discussion forum.

monochr 11y ago
You don't need capital if you're not expanding. Running costs include the wages for those working there. I think $150,000 or so per employee is more than enough + volunteers. Of course you would have to give up the dream of being a billionaire. Off the top of my head I can think of less than 10 people to have done that, and none of them did it after 2001.
- dragonwriter 11y ago
  > You don't need capital if you're not expanding. You don't need additional capital beyond operational maintenance expenses if you aren't expanding, but you do need the existing capital, and that means that either (1) the existing investors need to have their standards for profitability met, or (2) someone else who is interested in operating the assets without those profit demands needs to be willing to purchase the existing capital from the current owners before they decide that their profit requirements won't be met and sell it to someone with a desire to use it for something other than its current insufficiently-profitable use.

this_user 11y ago

Reddit is partially owned by Advance Publications, parent of media company Condé Nast. I don't think this is an option for them.

ThrustVectoring 11y ago

I think basically the only way to do that is to somehow sell reddit to their users and convert it to a non-profit entity at the same time.