EquityZen does not have an affiliation with, formal relationship with, or endorsement from Reddit or any companies feature above. Google’s Pixel 4 Camera AI Is Too Clever For Its Own Good, More Americans Are Getting Their News From Social Media, Prove You’re Not White: For an Article About Race-Verification on Reddit, I Had an Unusual Request, How to Force 8Chan, Reddit and Others to Clean Up, Employee Feedback Is Good For Employee Engagement; Action Is Better, Alexis Ohanian almost became a lawyer. So I guess they would have to spin them off first. Throughout this evolution, Reddit has also changed its position on producing media on its own. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. Despite arguments, however, one thing remains clear. Love the product but if they went public it’d turn shit real fast and nobody would use it. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Which Cast Member From "The Circle" Are You? By using our Services or clicking I agree, you agree to our use of cookies. It’s full of cake, surreal paintings, home gyms and lots of consumer insights. You can subscribe to it here if you’d like it your inbox once a week. Reddit has publicly stated it would IPO in the future. In 2014, then-CEO Yishan Wong defended Reddit's hands-off approach, writing that "every man is responsible for his own soul ... We uphold the ideal of free speech on reddit as much as possible not because we are legally bound to, but because we believe that you — the user — has the right to choose between right and wrong.". Was owned. Reddit was sold to magazine empire Condé Nast for “between $10 and $20 million” in 2006, a year after its founding. When I say serve their customers ads, what I mean is that they don’t funnel all of their traffic to an email list or push notifications, and use their massive audience to turn what is right now a measly $100,000,000 per year revenue stream, into higher than $1,000,000,000.00 per year in annual revenue! Users can post links to content on the web and other users can vote the posted links up or down, causing them to appear more or less prominently on the site’s home page. Now, they're hoping new, stricter policies can make their spaces safe. They need to monetize to please their investors and the only way to do that is by target ad marketing. Isn't the free market the only place where ideas can possibly flourish? An Auction House Is Selling the Bar From Hilter’s Yacht. Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz. A leading-edge research firm focused on digital transformation. Equity securities are offered through EquityZen Securities. Reddit IPO, Will Reddit Become Publicly Traded? Reddit ranks the … This is an extract from The Drum’s Future of Media briefing. To see more on key investors in Reddit, please register or login >>. Reddit was launched in 2005 and is headquartered in San Francisco, California. No. Account active But users have predicted a hypothetical Reddit IPO to be anywhere from $4.20 per share at a $69 billion valuation down to a $3-$5 billion valuation. Reddit is a platform for online communities to submit links, create content, and have discussions about whatever topic that interests them. r/hajimenoippo: Welcome to r/Hajimenoippo, the community for Ippo fans to submit new manga releases, discuss the anime, talk about the video games … Sitecore is a software development company providing web content and customer experience management solutions. No. Would love your thoughts, please comment. The company has raised over $550 million in Venture Capital funding from investors including Plus Capital, Quiet Capital, Reshape Holdings, Tencent, Bracket Capital, Craft Ventures, Fidelity, Upshift Capital, Andreessen Horowitz, Sequoia Capital, and Y Ventures. This means that they could make 33,000,000.00 per month in additional annual revenue from an email list, which could give them close to $800,000,000 per year in annual revenue, and probably approaching the $1 billion in annual revenue mark! To put things in perspective, facebook is just 1 rank above at #3 with daily time spent on site 10:41 minutes (not sure how they measure time spent, but useful when comparing other sites ranked by Alexa) vs 15:51 minutes on reddit. Here’s what we’ve discovered so far. I firmly and unequivocally believe that Reddit should go to private ownership and convert itself into a non-profit. The company has not officially endorsed a plan to participate in an IPO. What’s trending on Reddit... and what does it mean for brands? My Reddit IPO theory is something that I think could be very spot on sometime in the next 10 to 20 years, in that for their massive amount of traffic, Reddit really only has a minuscule revenue stream, although still more than enough to hold an initial public offering, at somewhere around the level of $100,000,000.00 per year. And we were fairly dysfunctional.” However, he also said Reddit couldn’t have grown to where it is now if it had stayed within Conde Nast, in part because of the need to give equity to employees.