All posts tagged: Ohanian

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

Reddit cofounders Steve Huffman and Alexis Ohanian spent about eight straight years living together, initially as college room mates, playing World of Warcraft late into the night and later working together on the foundations of the discussion forums service now frequented by nearly 270 million people. But that history was missing from Reddit’s sales pitch to investors published Thursday announcing its plans to go public on the New York Stock Exchange: Reddit’s filing with the US Securities and Exchange Commission didn’t mention Ohanian at all. Huffman, who has been Reddit’s CEO since 2015, and Ohanian, who after stepping back from helping run the business had sat on its board for years, split in 2020 over how to handle some of the hateful content on Reddit. They’ve spoken little since. The lack of nod to Ohanian in the new document could reflect both that schism and Huffman’s attempt to cast a company that’s been around for 19 years in a new light. Disputes among startup cofounders are common and not every investor pitch recounts the minutiae …

Alexis Ohanian says he’s a ‘techno optimist,’ despite social media’s impact on society

Alexis Ohanian says he’s a ‘techno optimist,’ despite social media’s impact on society

Does Reddit co-founder Alexis Ohanian have regrets over his creation? The entrepreneur and founder of venture fund Seven Seven Six, speaking at an event at the University of Virginia, espoused a fairly negative view of the current social media landscape and the creator economy — an environment where he says, everyone has “been so trained and conditioned now to just get the likes and retweets, get the upvotes…I wish I could be more optimistic about it, but we’re seeing it play out before our eyes.” Still, he ultimately described himself as a “techno-optimist” — an apparent nod to a16z General Partner Marc Andreessen’s recent diatribe where he claimed technology could solve all our problems. “Guilty as charged,” Ohanian said, during his interview with Kara Swisher. “I do think that pendulum will swing back. I think even swifter than we realize.” The war in the Middle East may even be the tipping point, he theorized, as it’s now “abundantly clear” that we need something better to figure out the world than the platforms we have today. …