In 2014, Reddit raised a pivotal $50 million in funding thanks to a round led by former Y Combinator president Sam Altman. Of course, no company rides the wave of incredible growth without funding, and Reddit – operating independently from Conde Nast since 2011 – was no exception. From there, the popularity only continued to increase exponentially. Growth steadily continued, and Reddit reached 1 billion page views per month by early 2011, which it doubled by the next year. Thanks to that all-important Y Combinator seed funding, Reddit launched with a blast and within just about a year, the growing website was purchased by Conde Nast, publisher of major brands such as Vogue, GQ and Wired. The pair of University of Virginia students envisioned an online bulletin board where users could post videos, text and links to other websites… sound familiar?
When Reddit hit the scene as the front page of the internet in 2005, who could have known it would grow to become a zeitgeist of our time?įounded by college buddies Steve Huffman and Alexis Ohanian, Reddit was part of the now-legendary Y-Combinator program’s first class of startups. Can you remember a time when there was no Reddit? It’s hard to imagine in 2021… it would have been hard to imagine in 2011.
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