Celebrity couple: Ohanian has been married to tennis superstar Serena Williams since 2017.
Image: EPA
Alexis Ohanian co-founded Reddit, but no longer plays a role in the soon-to-be-listed newcomer. Today’s investor has other priorities – and tries to learn from the early sale.
W.what if? Alexis Ohanian has apparently asked himself the question several times. Some time ago, looking back and with some regret, he tweeted about how he sold the Reddit online discussion forum he co-founded in 2006. The magazine publisher Condé Nast paid $ 10 million for it at the time, today the platform is valued at $ 10 billion, and it has just announced its IPO, which could push its valuation even higher. So Ohanian could be a billionaire on paper if he hadn’t sold so early.
He wrote on Twitter that he wished he had received better advice back then, for example from investors who had made it clear to him that there was “a path to much bigger things” and other options such as over-the-counter financing rounds. He sees the “mistakes” of that time today, as he is an investor himself, as lessons and an opportunity to make amends in order to help “the next 22-year-old Alexis Ohanian with big eyes” to make better decisions. But it was tempting for him, just 16 months after founding Reddit, to get more money than his parents ever made. And he understood the transaction as a kind of reward for his mother, who was seriously ill with cancer, and who always believed in him.
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