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Does he actually have a financial stake though? It was sold to Conde Nast…I just assumed all the equity transferred over to them.



It's complicated. Reddit was founded and funded by YC in 2005, then acquired by Conde Nast in 2006, then spun off again in 2012. Since then it has attracted ~8 more rounds of funding. Advance Publications (parent of Conde Nast) currently only owns 30% of the company, Tencent 11%, Fidelity 9.5%.

Notably, Sam Altman also invested in Reddit in 2014 when he was president of YC, and now his "investment properties " own 8.7%. What the composition of that investment vehicle is, and how YC/Paul Graham are involved, I can't say.




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