Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
and certainly Instagram. Kanyi Maqubela / @km : I remember some people side-eyeing us for participating in this @Reddit round in 2013. https://redditblog.com/... Welp :) https://www.theverge.com/... @reddit : @kevinroose There's something to be said about *not* peaking in high school, though. We like to think we haven't peaked yet. 😉 Jameson / @softwarejameson : Couldn't be more excited about @reddit's news today! Valuation over time: 2014 - $500M 2017 - $1.8B 2019 - $3B 2021 (Q1) - $6B 2021 (Q3) - $10B https://www.nytimes.com/... Jason Costa / @jasoncosta : So proud of the team on this milestone. Truly an incredible group of people. It's an honor to work on something you love & use everyday. Gratitude. https://www.theverge.com/... John Legere / @johnlegere : Holy cow - definitely going to buy stock if it goes public. https://www.theverge.com/... Aki Anastasiou / @akianastasiou : Reddit is now valued at more than $10 billion - The company is still planning on going public https://www.theverge.com/... Austin Johnsen / @austinj : Feels like Reddit's valuation is finally catching up to its impact and reach https://twitter.com/... Pomp / @apompliano : A few years ago I had the opportunity to invest in @Reddit through an SPV and my entire thesis was simply “if the internet likes it, it will be valuable.” Today the company is worth $10 billion. The internet's addressable market is unfathomable. https://www.theverge.com/... Jack Appleby / @juiceboxca : Facebook buying Instagram for $1B is forever the biggest steal in tech. https://twitter.com/... Adam Singer / @adamsinger : Social was undervalued for so so long. The world finally woke up and valued all these products closer to where they should be over the last few years, as even prev gen marketers realized they had been allocating wrongly. We're still early, too. https://www.theverge.com/... Bowdeya Tweh / @bowknowsbiz : The stock-trading frenzy earlier this year heaped a ton of attention on to Reddit. After completing a raise in the midst of it, Reddit is raising another round: $410 million of the planned $700 million is coming from Fidelity. Bowdeya Tweh / @bowknowsbiz : CEO Steve Huffman said Reddit plans to use the additional investments to underpin the expansion into new markets, and product improvements, such as enhanced video capabilities and making the website run faster. https://www.wsj.com/... via @WSJ Sara Fischer / @sarafischer : NEW: @Reddit will raise up to $700 million in Series F funding, led by Fidelity and other existing investors, at a post-money valuation of over $10 billion. https://redditblog.com/... See also Mediagazer
On one level this is big for Reddit, on another level it's wild that a very popular website that enforces its rules coherently and that people actually enjoy using is worth 1/100th of a Facebook. https://twitter.com/...
@kevinroose I think about this often ... actually. What's also wild is people's perception of Reddit v FB is also the opposite of what it should be ... imo.
So proud of the team on this milestone. Truly an incredible group of people. It's an honor to work on something you love & use everyday. Gratitude. https://www.theverge.com/...
A few years ago I had the opportunity to invest in @Reddit through an SPV and my entire thesis was simply “if the internet likes it, it will be valuable.” Today the company is worth $10 billion. The internet's addressable market is unfathomable. https://www.theverge.com/...
Social was undervalued for so so long. The world finally woke up and valued all these products closer to where they should be over the last few years, as even prev gen marketers realized they had been allocating wrongly. We're still early, too. https://www.theverge.com/...
The stock-trading frenzy earlier this year heaped a ton of attention on to Reddit. After completing a raise in the midst of it, Reddit is raising another round: $410 million of the planned $700 million is coming from Fidelity.
CEO Steve Huffman said Reddit plans to use the additional investments to underpin the expansion into new markets, and product improvements, such as enhanced video capabilities and making the website run faster. https://www.wsj.com/... via @WSJ
NEW: @Reddit will raise up to $700 million in Series F funding, led by Fidelity and other existing investors, at a post-money valuation of over $10 billion. https://redditblog.com/...