The power of a dormitory cannot be understated; a whole building populated with young, driven men and women, all pursuing higher education is a recipe for innovation. At least this was the case for Steve Huffman and Alexis Ohanian, two young dorm mates at the University of Virginia. Steve was studying computer science and Alexis was studying history. Both students decided to submit and idea to Y Combinator, a startup investment company. Their first idea was denied but that did not stop them. They submitted the idea to create “the front page of the internet.” It is funny to think that even now, over half of the things you can look up will provide you with a reddit thread. Y Combinator granted their request for $12,00 of startup money and they got to work. Steve got the site coded within 20 days while Alexis, have a certain business acumen, handled the logistics of the business.
In 2006 Reddit was acquired by Conde Nast. 6 years later after Alexis and Huffman had both stepped away from the company, Yishan Wong, member of the PayPal Mafia, became the CEO of the company and sky rocketed it’s success. In 2015 Huffman rejoined the company and became the CEO and Alexis stepped up as a board member. In march of 2024, Reddit offered its IPO. Today Huffman remains the CEO of the company, and Alexis married Tennis legend Serena Williams and has had 2 children of his own. Reddit is currently valued at $10 Billion and will only grow since going public.
Both of these men were just young college students with a dream. Coming from different backgrounds and pursuing completely different degrees, both men started one of the most viewed internet sites running today and it all started because they decided to room with each other.