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Steve Huffman
09/26/24
@ Sequoia Capital
Reddit is now the 18th most visited website globally, showcasing its significant cultural impact and user engagement.
Video
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How Reddit Became "The Front Page of the Internet" ft. Founder Steve Huffman
@ Sequoia Capital
09/26/24
Related Takeaways
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Steve Huffman
09/26/24
@ Sequoia Capital
Reddit's growth from $15 million to $456 million in revenue by 2021 demonstrates the success of our business model and community engagement.
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Steve Huffman
09/26/24
@ Sequoia Capital
The agency of users is fundamental to Reddit; they create and rank content, and their capacity for amazing contributions exceeds our expectations.
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Steve Huffman
09/26/24
@ Sequoia Capital
In 2006, major tech companies like Google and Yahoo began expressing interest in acquiring Reddit, highlighting its growing presence in the online space.
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Steve Huffman
09/26/24
@ Sequoia Capital
Returning to Reddit in 2015 was the hardest decision I've ever made, as I had to leave Hipmunk, but I felt a strong responsibility to help the company I co-founded. Reddit is more important to the world than many realize, and it would be a shame if it didn't live up to its potential.
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Steve Huffman
09/26/24
@ Sequoia Capital
Reddit's name comes from the phrase 'I read it on Reddit,' and it was designed as a user-friendly platform for sharing and discussing topics in one centralized place, which was a novelty in 2005.
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Alfred Lin
09/26/24
@ Sequoia Capital
Reddit combined elements of social bookmarking from Delicious and community engagement from Slashdot, creating a unique platform that had never been seen before.
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Steve Huffman
09/26/24
@ Sequoia Capital
The acquisition by Condé Nast in 2006 was a crucible moment for Reddit, providing liquidity but also revealing the differing priorities of team members after the acquisition.
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Anish Acharya
03/26/25
@ a16z
The presence of companion products in the top ranks, especially those catering to NSFW content, highlights their popularity and the traffic they generate.
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Steve Huffman
09/26/24
@ Sequoia Capital
Condé Nast acquired Reddit for $10 million, presenting a crucial decision for the founders: to sell to an established media company or gamble on Reddit's potential as part of the internet's future.