"Turpentine VC" | Venture Capital and Investing

E21: Reddit Founder Alexis Ohanian on Reinventing Venture with Seven Seven Six

5 snips

Jan 9, 2024

Alexis Ohanian, co-founder of Reddit and Seven Seven Six, discusses how Seven Seven Six is a “tech company that deploys venture capital”, the lack of internal metrics in venture, and how he plans to reinvent venture using software. They also explore the importance of accountability, transparency, and the development of a CRM tool to improve workflow efficiency. They discuss their venture firm's focus on early stage investments, incubation of companies, and the incentivization of employees to build billion-dollar businesses. They also talk about expanding investments, potential opportunities with incubation and accelerator models, and the challenges of scaling in the venture industry.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 2min

Building a Technology-Based Venture Firm

01:50 • 32min

Ads about Shopify and NetSuite by Oracle

33:34 • 2min

Reimagining and Differentiating a Venture Firm for the Future

35:55 • 4min

Fund Size, Market Position, and Incubations

40:08 • 13min

Strategies and Future Plans in Venture Capital

52:51 • 4min

Innovation and Sharing Knowledge in Venture Capital

56:24 • 2min