The Ledger
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Reddit reached $175 million in revenue and 600 employees by 2019
“Four or five years later, when I stepped back to a board-only role, I think the business was probably 175 mil in revenue, probably like 506 hundred employees, so grown a lot, learned a lot from that.”
Reddit had just $8 million in revenue and 45 employees in 2014
“It was a company that had, I think, eight million dollars in revenue that year, 2014, that's public, despite being over a decade old, and dropping, because obviously advertisers don't want to be on revenge porn websites, and so maybe 40, 45 employees, no mobil…”
Reddit Cycled Through Three CEOs in Less Than a Year
“At the time I joined, we'd had three CEOs in less than a year.”
Paul Graham coined Reddit's 'front page of the internet' tagline
“What we eventually got to was this idea of creating the front page of the internet, and give Paul credit for that tagline.”
Condé Nast acquired Reddit for $10 million 16 months after launch
“And then, yeah, ten million dollar acquisition offer for 12 months worth of work at the time. We got it consummated in about four or five months. So 16 months in, it was just mind-blowing.”
Reddit's early $10 million exit helped validate Y Combinator for founders
“This ten million dollar exit was the first really big one for YC, and it helped give a seal of approval that then led to Dropbox supplying, which was the first real billion dollar company, and then that led to Airbnb. Once you did it twice, it really validated…”