Vibe Wire / Watch / Short companionFounder-story archive · 2026-10-04 · 60 seconds
Reddit and its founders Watch the original Short, follow its timestamped caption record and see the source-review scope below.
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Read the caption record (27 lines) 0:00 They sold Reddit at 23, before anybody 0:02 was really using it. Steve Huffman and 0:04 Alexis Ohanian built it in a summer 0:06 after Y Combinator rejected their first 0:08 idea. 16 months later, Condé Nast bought 0:11 it [music] for somewhere between 10 and 0:12 20 million dollars. The magazine 0:14 publisher filed it under Wired and 0:16 mostly left it alone. Huffman walked 0:18 [music] away in 2009. Without him, 0:20 Reddit drifted. Moderator strikes, 0:23 blackouts, whole sections of the site 0:25 going dark in protest. [music] 0:26 He came back as chief executive in 2016 0:29 to a company he had already sold once. 0:31 In March 2024, he took it public at $34 0:35 a share. It opened 38% higher. 0:37 >> [music] 0:38 >> Then AI labs came for the one thing 0:40 Reddit had that nobody could copy. 0:42 >> [music] 0:42 >> 20 years of human argument. 0:45 Google now pays $60 million a year to 0:47 train on it. Reddit is worth 30 billion, 0:50 [music] and the man who sold it for 0:51 almost nothing is a billionaire. 0:56 Follow Vibe Economics for more. Original publication and evidence scope Original YouTube title: “They sold Reddit at 23. Now it's worth $30B.”. The original title may contain claims not confirmed by this companion.
Upload date, duration and captions were retrieved from the public YouTube record on 2026-10-16. Dates are day-level, not an asserted exact upload time. Market values, audience totals and references to “today” belong to the original publication context.