Tennis ace Serena Williams Married entrepreneur and venture capitalist Alexis Ohanian in November 2016. While Serena’s net worth is estimated at $200 million, Ohanian isn’t doing too badly. The Reddit co-founder is a millionaire himself.
Born Alexis Kerry Ohanian Founded on April 24, 1983, the internet entrepreneur and investor is best known for his role as co-founder of the internet platform Reddit. Steve Huffman and Aaron Swartz. Ohanian also co-founded the venture capital firm Initialized Capital, helped launch the travel search website Hipmunk, and founded the social enterprise Breadpig. He was also a partner at Y Combinator.
Alexis Ohanian: Career at a Glance
Alexis Ohanian is a graduate of the University of Virginia. He graduated in 2005 with degrees in history and business. After graduating, Ohanian pitched the idea to Steve Huffman. MonMenuMobile to Y Combinator (a startup accelerator where he later became a partner).
The company liked the idea, but asked the duo to come up with a better name, and thus reddit.com was born. Ohanian also designed the Reddit mascot, an alien named “Snoo.” He is also credited with designing the bread-winged pig Breadpig, the chipmunk Hipmunk “Chip,” and the honey badger Initialized Capital.
In 2006, Reddit was sold while it was still in its infancy. The site was acquired by Condé Nast. While Huffman remains CEO, Alexis Ohanian is no longer involved in day-to-day operations.
In 2007, Ohanian founded Breadpig, a company he described as a “non-corporation.” It produces geeky products and the profits go to various charities.
In 2010, Ohanian left Reddit. He spoke openly about his Armenian heritage, then spent three months in Armenia, where he worked in microfinance with the nonprofit Kiva, lending money over the Internet to small business owners and to students in more than 80 countries. That same year, he participated in the launch of the Hipmunk travel site, with which he is still associated today as a consultant. He also founded Das Kapital Capital, a company focused on start-up investment and consulting.
Alexis Ohanian was a part-time and then full-time associate at Y Combinator before leaving the company in 2016 to help launch Initialized Capital. Gary Tan.
In June 2020, Ohanian resigned from Reddit’s board of directors in response to the killing of George Floyd and called for a Black candidate to fill his position. The same month, he resigned as managing partner at Initialized Capital and announced that he would take over as CEO of “776”, a venture capital firm.
Alexis Ohanian: Net Worth
The 38-year-old’s net worth is estimated to be over $70 million. With numerous investments over the past fifteen years, Alexis Ohanian sits on the boards of several companies. He also acquired shares in some of them. In 2006, he sold his stake in Reddit for an undisclosed amount of between $10 million and $20 million.
Although Ohanian regrets abandoning his idea so early, one thing is clear: If he had kept his shares, he would certainly be worth a few hundred million dollars today, given Reddit’s latest valuation, pegged at 6 billion dollars.
