With $50 Million From Top Investors, Reddit Plans Cryptocurrency
September 30, 2014 at 14:21 PM EDT
Reddit, the so-called front page of the internet, has raised $50 million in Series B on a $500 million valuation with intentions to give back 10 percent of the round’s equity to the community. Somehow. The round is led by Sam Altman, CEO of Y Combintaor, with participation from Andreesen Horowitz and Sequoia Capital, as well as individual investors like Peter Thiel, Ron Conway, Jared… Read More
