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The Magic of Slash Dot
Reddit co-founder Steve Huffman and his friend Paul Graham were brainstorming ideas for a new website. They decided to use the idea of delicious, a social bookmarking site that was popular with users who couldn't finish it all in one sitting. The next day they got a call from Paul saying he liked their idea but wanted to invest $12,000 so they could try something else. That's when Reddit became an internet sensation.