Alexis Ohanian

Co-founder of Reddit and founder/managing partner of 776, an early-stage venture fund. Known as an advocate for broad access to entrepreneurship.

On startup costs and access: “Costs are near zero today to start a tech startup — only time — which is still meaningful, but I’m not the only middle class kid who won the carnival prize and more importantly we need to benefit from the talent & effort of so many more people with less opportunity than I had.” Started Reddit in 2005 with $12,000 (first YC batch); goal is enabling talented people without privilege to build great, sustainable businesses, not just VC-scale outcomes. Funds the 776 Foundation’s Climate Fellows program ($2M/year for a decade). Source: Costs Are Near Zero Today… (tweet).

On venture data and competition: 776 built a product to track network influence, affinity, and accessibility — measuring how interested people are in meeting someone and how accessible they are. Believes there should be more competition in venture; funds emerging managers to help create better products for founders. Source: Alexis Ohanian on the New Era (Venture Unlocked).

Where this appears

• Costs Are Near Zero Today… (tweet)
• Alexis Ohanian on the New Era (Venture Unlocked)