The Prof G Pod with Scott Galloway

First Time Founders with Ed Elson – The Story of Reddit

228 snips
May 4, 2025
In this engaging conversation, Steve Huffman, co-founder and CEO of Reddit, shares his journey from a simple food delivery app concept to leading one of the largest online communities through its IPO. He discusses the delicate balance between community ideals and practical business needs, offering insights on innovative investor relations via Reddit's unique earnings calls. Huffman also delves into the challenges of content moderation and the future of AI on the platform, reinforcing the importance of transparency and leadership in fostering a positive culture.
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ANECDOTE

Origin of Reddit

  • Reddit's genesis combined two ideas: a bookmarking tool like Delicious and the community-driven news discussion of Slashdot.
  • This foundation of user-powered conversations about interesting content still defines Reddit today.
ANECDOTE

Early Sale for Maturity

  • Huffman sold Reddit very early for $10 million, unsure if it was a winner yet.
  • Staying under Advance ownership gave Reddit and its founders time to mature and grow.
ANECDOTE

Return to Fix Reddit

  • Reddit struggled with content moderation and internal culture between 2010-2015.
  • Returning as CEO, Huffman implemented safety teams and policies to save Reddit from decline.
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