The Unlimited Potential of Web3 with Alexis Ohanian

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Dec 23, 2021

Alexis Ohanian, the founder of Reddit and venture firm Seven Seven Six, dives into the revolutionary potential of Web3. He shares lessons from his Reddit days and emphasizes the concept of 'minimum viable community'. Alexis discusses how Web3 can empower communities, contrasting it with Web2 limitations. He explores innovative banking through platforms like Mercury and the transformative role of NFTs in building community connections. The conversation also touches on future trends in digital spaces, content consumption, and the evolving landscape of community-driven innovation.

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ANECDOTE

My Mobile Menu

Alexis Ohanian's first startup idea, My Mobile Menu, was rejected by Paul Graham.
However, Graham accepted Ohanian and his co-founder into Y Combinator's first batch after they changed their idea.

INSIGHT

Early YC

The early days of Y Combinator were very experimental and informal.
The key insight was the weekly Tuesday dinners, which fostered a sense of community and peer pressure among founders.

ANECDOTE

Reddit's Initial Users

Reddit's initial users were recruited from a forum Ohanian ran in college.
A Paul Graham essay significantly boosted Reddit's early growth.

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Web3 is here, but all of the ways it will change the way the world works is not yet fully understood. In this episode of Where It Happens, the OG of community, Alexis Ohanian (@alexisohanian), Founder of Reddit and Seven Seven Six joins the show to share his early lessons from Reddit, stories from Y Combinator, and why he's betting big on Web3 communities and technologies. While co-hosts Greg Isenberg (@gregisenberg) and Sahil Bloom (@sahilbloom) place their bets on the future, and explore the idea of "minimum viable community."

Want more community? Learn more here: http://trwih.com

FIND US ON SOCIAL

Alexis Ohanian: https://twitter.com/alexisohanian

Sahil Bloom: https://twitter.com/SahilBloom

Greg Isenberg: https://twitter.com/gregisenberg

Production & Marketing Team: https://penname.co/

SPECIAL THANKS TO OUR SPONSORS

MERCURY

https://mercury.com/partner/rwih

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Mercury is disrupting the old model. They offer FDIC-insured bank accounts, virtual and physical debit cards, international and domestic wires that are free to send, 3-click payment flows, and more. We personally use Mercury for our business banking with the podcast and Sahil is an investor.

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COMMONSTOCK

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Why settle for the old model of investing when new options offer you so much transparency to help you grow your wealth? Commonstock is the home of smart money and an innovative social media approach to investing. We both love the platform and have used it to enhance our financial strategy.

Commonstock is a social media platform like Reddit, but it removes anonymity and adds transparency. The app lets you see what smart money investors are buying and selling – in real-time – all while letting you see their reason why. This way, you know whether investors have skin in the game, or whether they only talk a big game. It’s a great way to get insights that support your investing strategy.

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