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by robocat
40 days ago
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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 |
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