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Reddit and its founders

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Timestamped caption record

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  1. 0:00They sold Reddit at 23, before anybody
  2. 0:02was really using it. Steve Huffman and
  3. 0:04Alexis Ohanian built it in a summer
  4. 0:06after Y Combinator rejected their first
  5. 0:08idea. 16 months later, Condé Nast bought
  6. 0:11it [music] for somewhere between 10 and
  7. 0:1220 million dollars. The magazine
  8. 0:14publisher filed it under Wired and
  9. 0:16mostly left it alone. Huffman walked
  10. 0:18[music] away in 2009. Without him,
  11. 0:20Reddit drifted. Moderator strikes,
  12. 0:23blackouts, whole sections of the site
  13. 0:25going dark in protest. [music]
  14. 0:26He came back as chief executive in 2016
  15. 0:29to a company he had already sold once.
  16. 0:31In March 2024, he took it public at $34
  17. 0:35a share. It opened 38% higher.
  18. 0:37>> [music]
  19. 0:38>> Then AI labs came for the one thing
  20. 0:40Reddit had that nobody could copy.
  21. 0:42>> [music]
  22. 0:42>> 20 years of human argument.
  23. 0:45Google now pays $60 million a year to
  24. 0:47train on it. Reddit is worth 30 billion,
  25. 0:50[music] and the man who sold it for
  26. 0:51almost nothing is a billionaire.
  27. 0:56Follow 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.

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