Reddit Cofounder Alexis Ohanian To Join Y Combinator

Wednesday, September 1st, 2010

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Reddit cofounder Alexis Ohanian will be taking a position at early stage venture firm Y Combinator, the company will announce later today.

Ohanian left Reddit, one of the first Y Combinator startups (acquired by Conde Nast in 2007), in 2009. He’s not returning to do another startup, like cofounder Steve Huffman did earlier this year with Hipmunk. Rather, he’ll be taking a position with Y Combinator itself. And he may continue to work on other projects as well.

His new position, based in New York, will be Y Combinator’s Ambassador to the East where he will be meeting with East coast applicants and generally representing Y Combinator.

Since leaving Conde Nast in 2009, Alexis has focused on his social enterprise, Breadpig, which has generated over $150,000 for charities.

Ohanian is one of the more passionate and audacious young entrepreneurs in tech today. He’ll get along very well with potential applicants, we suspect, and generally represent Y Combinator well over on the other side of America.

Y Combinator should confirm shortly, we’ll update when they do.

Update: Y Combinator blog post announcing that Ohanian is joining.

Alexis Ohanian is the co-founder of reddit, which was acquired by Conde Nast in 2006. He is currently the founder of breadpig, an angel investor with [Das Kapital Capital] (http://daskapitalcapital.com/), the East Coast Ambassador for venture fund Y Combinator, and a former Kiva Fellow. Alexis is also an advisor to the travel search website hipmunk which he helped launch in 2010, and is working on a book titled “Without Your Permission,” set to debut in early 2013.

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Company: Y Combinator
Website: ycombinator.com
Launch Date: January 4, 2005
Funding: $10.3M

Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005. Y Combinator selects companies to finance and consult with twice a year. They are located in...

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Company: Reddit
Website: reddit.com
Launch Date: February 12, 2012
Funding: $100k

Launched in 2005, Reddit is a social news website that displays news based on your personal preferences and what the community likes. Your preferences are determined based on your history of voting stories up or down. The company was started by two University of Virginia grads, Alexis Ohanian and Steve Huffman in the Y Combinator program. Two others, Christopher Slowe and Aaron Swartz, later joined the team. Conde Nast, owner of Wired and other magazines/websites, acquired Reddit in October of 2006....

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