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Reddit Raises $50 Million in Funding, Promises To Share 10% With Its Users by @mattsouthern

Reddit announced this week that they have just closed a $50 million round of outside funding lead by investor Sam Altman, with participation from Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz. It’s interesting to note that Altman is the President of Y Combinator, the incubator responsible for helping with the launch of Reddit. He’s a long-time fan and user of Reddit, and actually participated in an AMA shortly after this news broke. The company explains what this new funding means for Reddit’s future: reddit has had a long and complex history… During all of this time […]The post Reddit Raises $50 Million in Funding, Promises To Share 10% With Its Users by @mattsouthern appeared first on Search Engine Journal.

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Reddit Raises $50 Million in Funding, Promises To Share 10% With Its Users by @mattsouthern

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