Alexis Ohanian on Reddit's potential IPO & more | E1893

TL;DR

Reddit's longevity can be attributed to the power of its community, which kept the platform alive and growing even during periods of neglect. The future of venture capital lies in building relationships and helping others, both for LPs and GPs.

Transcript

if you look at the longevity of redddit what are the takeaways for you as the co-founder the power of community was able to sustain Reddit after the sale to Kanan ass in those four or five years when it was just a part of Kai yeah they didn't know what to do with it it kind of just languished but the community kept it alive the community kept growi... Read More

Key Insights

• 👻 The power of community played a significant role in Reddit's success, allowing it to thrive even during periods of neglect.
• 🍉 Building relationships, providing value, and taking a long-term approach are crucial for LPs in allocating capital and finding success in the industry.

Questions & Answers

Q: How did the power of community contribute to Reddit's longevity?

The community of dedicated users kept Reddit alive and growing even during periods of neglect by the company. Their engagement and dedication played a significant role in the platform's success.

Q: What lessons can be learned from Reddit's journey?

The importance of community and creating a strong foundation for a platform cannot be understated. Providing value to users and constantly adapting to their needs is crucial for long-term success.

Q: What are the key qualities of a successful LP?

Building relationships, helping others, and taking a long-term approach. LPs who prioritize relationships and provide value to others have a better chance of accessing the best deals and finding success in the industry.

Q: How can GPs ensure they have the best deal flow?

By establishing strong relationships with service providers in the industry, such as lawyers, accountants, and investment bankers. Being well-connected and building trust can lead to access to high-quality deals.

Summary & Key Takeaways

• Reddit's community played a crucial role in sustaining the platform after the sale to Conde Nast, even during years of neglect. The success of Reddit is a testament to the power of community and the users who kept it thriving.

• Building relationships and providing value to others is key for LPs in allocating capital and finding the best investments. For GPs, it's about establishing strong deal flow and developing relationships with service providers in the industry.