Tools

Search

Explore

Videos Channels Figures

Atmrix

About

Tools

Search

Explore

Videos Channels Figures

Atmrix

About

SH

Steve Huffman

09/26/24

@ Sequoia Capital

Reddit transformed from a community social science project into a sustainable business, recognizing that revenue is essential for its operation.

Video

SC

How Reddit Became "The Front Page of the Internet" ft. Founder Steve Huffman

@ Sequoia Capital

How Reddit Became "The Front Page of the Internet" ft. Founder Steve Huffman

09/26/24

Related Takeaways

SH

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.

SH

Steve Huffman

09/26/24

@ Sequoia Capital

With my return, we redesigned the site, moved Reddit onto mobile, and focused on building a sustainable business model.

SH

Steve Huffman

09/26/24

@ Sequoia Capital

We chose to pursue advertising as a business model to keep Reddit free and open, aligning with our values and community expectations.

SH

Steve Huffman

09/26/24

@ Sequoia Capital

At that time, there wasn't a clear monetization route for Reddit; we didn't have advertising or any real way to generate revenue, so we operated as a lean startup to survive with scarce resources.

HI

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

A successful business model in open source involves leveraging community contributions to drive innovation and reduce costs, as seen with Drupal's development.

JB

Juan Benet

07/01/17

@ Y Combinator

We can propagate rewards through open source, allowing people to invest their time in valuable projects instead of just money, leading to a new economic model.

YC

Y Combinator Cast

09/18/18

@ Y Combinator

After facing a 30% tax from Facebook, we realized we needed to expand beyond the platform to sustain our business.

TP

Tom Preston-Werner

10/25/13

@ Y Combinator

At GitHub, we chose to reinvest our profits back into the company to seize the opportunity we had, which is why we raised $100 million.

SK

Sachin Kansal

06/01/25

@ Lenny's Podcast

Transitioning Uber's culture to focus on profitability involved removing inefficiencies and reinvesting savings back into the business.