Tag Archives: Alexis Ohanian

Socialcam Raises Funding From 46 Angel Investors

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Socialcam is an iPhone app that spun off of video sharing website Justin.tv last year as part of Y Combinators winter 2012 class. Socialcam has raised seed funding from 46 well known angel investors. Socialcam’s fiercest competitor is Viddy. They have been fighting back and forth as the top Photo & Video app recently. Socialcam has reportedly surpassed the 20 million user mark. Below is a list of all of the investors involved as compiled by TechCrunch.
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Grubwithus Raises $1.6 Million To Encourage Dinner Dates


Grubwithus is a social dining service where you pick a restaurant in a city that you like and buy a ticket for a meal at a set price. To really make the service work, other people have to buy a meal at the same place and you can coordinate a time to meet at the restaurant.
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Reddit Co-Founder Alexis Ohanian Posts His Summer 2005 Y-Combinator Application


Reddit is a social news website that is owned by Condé Nast Digital. Before Condé Nast bought out Reddit, they were part of the Y-Combinator incubator. Y Combinator is an American seed-stage startup funding company that has has a few successes under its belt. Alexis applied for Y Combinator in Summer 2005 and the idea on the application is completely different from what Reddit was going to be. Below is the application.
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Reddit Co-Founders Quit Conde Nast 3 Years After Acquisition

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Three years ago, Conde Nast bought out Reddit. Reddit is a website where a community of users vote on the most interesting stories. The most interesting recent stories land on the Reddit homepage and receive a large number of visits. Conde Nast has been taking a hit lately as its been discovered that they may lose $1 billion in ad revenue this year.

Steve Huffman and Alexis Ohanian both founded Reddit after launching it from Y-Combinator. Christopher Rowe and Aaron Swartz joined the team shortly after the company was founded. Y-Combinator is an incubation firm started by Paul Graham. Both of the Reddit founders are leaving for personal reasons.

Huffman is moving back to Virginia to spend more time with his wife. Ohanian plans to spend some time traveling. Rowe will be staying with Reddit for a while. Swartz was fired from Reddit two years ago for not respecting the company rules after being acquired by Wired Magazine.

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