Startup Stories - Mixergy

#400 Reddit Founder: “I Wish I Still Owned Reddit Now” – with Steve Huffman

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Oct 20, 2010
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ANECDOTE

How Co-Founder Roles Complemented Each Other

  • Alexis Ohanian handled PR, goodwill, and user relationships while Steve coded.
  • Alexis rewarded contributors with shirts, notes, and promotion to keep the community warm and engaged.
ANECDOTE

Why They Sold Reddit (And Hindsight)

  • They sold Reddit partly because of personal pressures and the risk felt right at the time.
  • In hindsight Steve says he wishes he still owned Reddit, but recognizes the sale helped them survive a rough economy.
INSIGHT

Usefulness And Stamina Matter Most

  • Many startup failures stem from not building something inherently useful or quitting before iterating.
  • Stamina to pivot and relentless focus on usefulness separate survivors from quitters.
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