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Kind: captions Language: en all right this was not supposed to be a podcast this was me calling Sam two minutes ago and being like dude did you hear the stuff about Reddit and he’s like no no no just he put the finger up to my lips push record and in fact me and Sam we should really never talk if we’re not recording I think that’s the new the new Lesson by the way I still have no idea what you’re going to bring [Music] up okay so let me give you the background Reddit goes public today uh interesting fine I don’t really care I didn’t participate in the stock or anything I wasn’t really looking at the chart but I did read Paul Graham’s essay about Reddit and he it’s titled the reddits it’s on the YC blog Paul Graham uh has known these guys for nearly 20 years now and so he wrote this post today that had so many little breadcrumbs that I thought there were like as I was reading this every paragraph Was firing off like a connection to a different lesson learned like my my brain of Frameworks was literally like lit up like a Christmas tree with some of the things he was saying and I just wanted to like say them out loud to you I wanted to I’m I’m imagining you I’m imagining you eating cereal as you reading this and then you have like one bite in and like you you just this is my bow my salad I’m eating look it’s half eaten because I was like oh [ ] I got to put this down I got to record this and so um we didn’t plan this but let’s do it all right so I’m reading this essay and I want to give you kind of like Point by point of what I think is really interesting and by the way Paul Graham is the I guess we have to give context now because this is like a podcast Paul Graham is the founder of Y combinator and Reddit was one of the first companies Reddit was the first company in the first batch but actually what’s more interesting is in that post Reddit is not only the first YC company in the first batch ever it’s actually the reason that YC exists I don’t know if you do this but um this is kind of cool so Paul Graham in this essay he says YY started because he went to the Harvard like Computer Club or something like that and gave a talk which by the way is how many interesting things have started I also believe this is kind of how Apple started wasn’t there like a u he they gave a talk or a demo at the home brew club this is how Tim Ferris started the four-hour work week he taught a class at Princeton and there’s this principle which is if you ever want to learn something try to teach it and that that has led to many people writing books so Tim Ferris did it then he wrote a book near Al same thing when he wrote his book hooked same thing he’s like I first was just giving a talk somewhere to give the talk I had to sharpen up my thoughts by the end of that I was like [ ] there’s something to this and the same thing happened here Paul Graham gave a talk at the school called how to start a startup he gives us talk and then from the talk he’s like dude I should create like a a vehicle to invest in like these earlier uh younger Founders he’s like at the time Founders were thought to be like either older or just super young prodigies but he’s like I think this college student age I think that’s where you could start um companies from so that’s why he creates YC so he gives the talk he meets with Steve and Alexis afterwards and he’s impressed by another thing so the second interesting thing he gave this talk at Harvard they didn’t go to Harvard these guys go to school in Virginia they took a train up from Virginia to hear this talk because they used to follow his blog so uh Steve loved his blog he convinces Alexis hey come with me to go see this guy talk they go up there it’s not like a show there’s no tickets it’s like you know 30 person room and he’s there and so Paul was so impressed that these guys came from Virginia he’s like they wanted to meet for coffee he’s like okay no problem uh you guys came from such a far away I’ll I’ll do it there’s a principle there in the like 80% of success is just showing up or like when in doubt like just go just take the train take the flight just show up put yourself in positions for good things to happen and that’s what they did and it’s a high agency move they could have easily ay not gone um you know showed up and not told him but they they went there they took the train they told him and this is the first of many high agency moves that they pull he talks about later how they actually ended up rejecting these guys from YC so he he gives the talk decides to create YC reaches out to the guy’s like hey guys I was inspired by meeting you guys I actually created something called YC for people just like you you should fill out the application they fill out the application but he hates the idea so he rejects them their idea was ordering fast food off your phone door Dash yeah but there was no no smartphones so there is no door Dash they basically had to go to cell phone carriers and fast food chains and like do it all manually so that you could do it like over text message um SMS back then and and you have to set the context even hear about them showing up which is Paul Graham’s a big deal now you know Paul Graham funded uh Airbnb Dropbox whatever all he’s a big deal back then he had just sold a company for I think $30 or $40 million which was a big deal back then and I guess he had some extra money and he was blogging but it wasn’t like a big deal it was like a it was this was like a very like BL for hackers for programmers who are entrepreneurial right which is almost like uh as ridiculous as when twitch was coming up you’re like people watch video games online it’s like this guy’s just blogging about this type of Internet stuff that’s not even that cool or interesting it’s a very small Market by the way twitch also in that first batch and uh EMT best friends with Steve the you know the guy who created Reddit all right so anyways uh more principles so the first one is if you want to if you want to actually learn try to teach giving a talk is actually a really good Gateway into either books or companies or whatever if you can’t articulate in a 45-minute talk a bunch of really insightful things that get other people excited it probably won’t work as a as a as a book or company and in Reverse even if you’re not planning to do it it’s a great way to generate you know sharp ideas is to go try to teach a class second thing taking the train showing up all right great now here’s the next one trusting your gut so like I said he he’s inspired by these guys he creates YC because he meets these guys but their idea he hates he hates the order food off your phone he’s like that’s too hard and he says at the time I didn’t realize that the game I’m supposed to be doing is sort of betting on people not ideas I thought at that time I’m supposed to be betting on ideas and I hated their idea so they rejected him and he’s like you know Jessica his wife who he he credits as having like the best kind of like people detector um of anybody he knows she was like oh you rejected the muffins and he’s like muffins and she’s like yeah that’s what I call those guys you know Steve and Alexis they’re like so endearing they’re like a little poodle like you know they’re like a little puppy she called the muffins she’s like oh that’s sad I like the muffins and he’s like yeah but I didn’t like their idea she’s like I feel like we should have the muffins in YC like they’re they’re the reason you created this why why would you not accept them so he calls them back up they’re on the train ride home to Virginia and he says uh guys I want you to be in YC but like we got to only I’ll fund you only if you’re going to change your idea and how much was funding was it $115,000 yeah like nothing yeah5 so basically like a a summer yeah exactly but it was it was the somebody believing you in you was the real currency there they’re on the train right home from Virginia they just get off at the next stop and then hop on the next train going back up north again and they like immediately seize the opportunity which is another kind of like again these were all like little breadcrumbs of successful things successful like successful actions successful behaviors that it doesn’t surprise me that a Reddit comes out of something like this on his side it was trusting his gut Paul side trusting his gut that he wanted these guys involved he should bet on people not ideas early on and for them it was being willing to hop off the train and just take the next train up north again so he gets there now here’s the next interesting idea the some of the best ideas are found not thought of discovered not thought of so Paul Graham had been blogging and his blog was not too big of a deal back then it was it was you know okay not not what it is today but he noticed that a lot of his traffic to his blog was coming from a website called delici do you remember delicious yeah was it really a website or was it like a bookmark was it aook bookmarking tool it was a way to save the stuff you liked like bookmark for later for yourself but they had one little side feature called delicious.com poopular and/ poopular was basically just an aggregator of all like what is what are the most popular bookmarked things that day it was a side feature sort of a throwaway idea for them but what Paul Graham noticed was he’s like damn I get actually a lot of traffic from the SL poopular tab of delicious not the main product it’s the side product and so he took that he’s like guys you need a new idea here’s an idea um the delicious/ poopular thing is cool what if there was just a page that was like the front page of the Internet it’s like what are all the most interesting Links of the day that you should go check out just take the side thing and let’s make it the main thing that’s a pretty uh Wild Thing to think about because back then so they started in 2005 which meant Google was only 8 years old and AdWords was probably new I don’t remember when Facebook was started but right around then like Internet advertising I guess was still pretty new dude they weren’t even thinking about advertising they were just thinking what’s a cool thing that should exist on the internet what’s a cool useful product all right everyone a quick break to tell you about HubSpot and this one’s easy because I’m going to show you an example of how I’m doing this at my company when I say I I mean not my team I mean I’m the one who actually made this so I’ve got this company called Hampton you can check it out join hampton.com it’s a community for Founders and one of the ways that we’ve grown is we’ve created these surveys where we’ll ask our certain questions that a lot of people a lot of times people are afraid to ask so things like what their net worth is how their assets are allocated all these like interesting questions and then we’ll put it in a survey and I went and made a landing page so you can check it out at join hampton.com wealth you can actually see the landing page that I made and the hard part with this is with Hampton we are appealing to a sort of a a higher-end customer sort of like like a Louis Vuitton or Ferrari so I needed the landing page to look a very particular way HubSpot has templates that’s what we used we just change the colors a little bit to match our brand very easy they have this drag and drop version of their Landing Page Builder and it’s super simple I’m not Technical and I’m the one who actually made it and once it’s made I then shared it on social media and we had thousands of people see it and thousands of people who gave us their information and I can then see over the next handful of weeks this is how much revenue came in from this wealth survey that I did this is where the revenue came from so it came from Twitter it came from LinkedIn whatever it came from I can actually go and look at it and I can say oh well that worked that didn’t work do more of that do less of that and if you’re interested in making landing pages like this I highly suggest it look I’m actually doing it but you can check it out go to the link in the description of YouTube and get started all right now back to MFM that same idea I heard again many years later when I met Ryan Hoover Ryan Hoover was uh the founder of product T but most people don’t know is before that he was he was blogging and then um I reached out to him and I was like hey I really want to hire you I tried to hire him he wanted to join my team was like he didn’t pass the interview process for some whatever reason so they were like ah we don’t think he’s got enough experience or something and I really liked Ryan I was like hey man so sorry like let’s keep it touch I feel like our paths are going to cross again three weeks later he emails me about an idea he’s like hey maybe instead of a job I should start something and what he tells me is he goes I go he goes like you I like to go to Hacker News every morning back then that was my routine I we we both used to go to Hacker News every morning still is but my favorite tab is not the main page of Hacker News it’s the side page the show section where you can go it’s like a show and tell where you can show what you’re building cuz if you go to Hacker News you click show it’s only like links to cool products that people are just like hey I want to show you guys I made this hey I want to show you guys I made this he’s like what if there was something that was just the show tab let’s make the side thing the main thing and so that’s what product hunt became and product hunt then became this sensation in Silicon Valley he ends up selling the company for $20 million and you know it was this this success for Ryan and so this is like Reddit kind of had that same idea that same thing where it took the side page of delicious and so there’s something to this which is one great place to discover ideas is look at your invoices or look at your p&l look at the cost section I think that’s one great place to find Investments or ideas another one is look at your traffic referrals and if you ever notice referrals coming from someplace that’s interesting another one is what’s a side feature your favorite side feature of a different app that actually could be a standalone app in itself and so there’s something to that philosophy one bit one quick story Scott bski I talked to Scott bsky Scott bsky um is a famous uh entrepreneur and investor he told me that when he was in his early 20s he had a website and he noticed that he was getting a lot of traffic from this brand new website called Pinterest and so he reached out to the founder of Pinterest and was like hey what what’s this thing tell me all about it and he wasn’t getting a lot of traffic like a 100 people a day or something like pretty small and the guy was like yeah it’s just this thing I’m working on I’m going to raise a little bit of money at a $3 million valuation do you want to invest Scott goes like well I only have like 50 Grand in my name but I guess I’ll give you $155,000 and he did that went on to make probably $100 million that same week he started getting traffic from a website uh called uh stumble upon and he and he goes and does the same thing he he talks to the guy stumble upon they’re not raising but he becomes friends with Garrett Camp who goes on a couple years later to found Uber and he invests in Uber as well $15,000 also made something like $100 million because both times he was getting traffic from these brand new websites that he thought were were interesting exactly that’s what I’m saying these are breadcrumbs that it’s not specific to the Reddit story this is everywhere and those are perfect perfect examples of uh of the same the same principle um it’s kind of like the art of noticing like if you can notice you know where you’re getting traffic or notice that hm this keeps growing every month you might find something earlier than everybody else so that’s another one all right here’s another principle that I found interesting the name Reddit was not meant to be the name of the site they wanted to call it sn.com SN o and today the the Reddit mascot’s name is SN um and Reddit was kind of like their placeholder name for it it was it was the working title and it was like we’re going to change when we actually launch this thing we’re going to change it but like for now it’s this sn.com was too expensive so they couldn’t afford it and um this is so common like we’re so often wrong about names uh some people get really precious about names early on but Paul Graham advised these guys to just like just pick a name that kind of like feels right works right for you right now you can change it later if you need but also he urged them to ship it fast he’s like I think we could build a fast version of this and Reddit actually launched in three weeks after they went through the after they got it admitted to YC which is incredibly fast and then from there they just started iterating that’s awesome that’s amazing um next thing do you know how they got their early traction have you heard this story it’s it’s a good one yeah basically Steve Huffman and Alexis I believe what they did is they just created a bunch of fake usernames and they just would submit constantly like different links to look like many people were participating because the way that a site like Reddit or any Community works is you typically have like 99% of people going to view stuff and only 1% of people actually submitting stuff so they had to submit content in order to create uh Supply exactly exactly nobody wants to be nobody wants to come into a dead room and just start dancing right like if you go to a nightclub there’s nobody on the dance FL you’re not going to go either so they had to fake it till they make it right I think that’s kind of the principle here was fake it till you make it gone right and this was they were the they were the users I think they talked about like they created I think 30 different accounts and they would just not only submit the links for Reddit but they would then comment and they would comment as different personalities and I think Steve talked once like he’s like the first day I logged on and the comments under a link were not from me was like this Hallelujah moment it’s like holy [ ] we did it we got enough of that critical mass that chicken and egg problem we solved it we got them the ball rolling and importantly they had also set the culture you did this I thought really really well when you launched Trends I got to see you launch Trends from a idea to a three four five million a year re recurring Revenue product and all it was was a Facebook group and in that Facebook group there was a research report too but the the Facebook group I think was actually the main product it was and you were so damn active and I was like oh this is how you build a community every day you would go in there and you’d be like hey what’s up up guys I was just thinking about this interesting thing I’m like no the [ ] you weren’t you were like you were like I have to stoke this fire otherwise this fire is going to go out right now and I used to write posts on other people’s behalf I don’t know if you’ve ever if you did this at the time you asked me you like hey can you post this in the group I’m like did I ask you that and then you copy pasted this huge thing and I was like okay I guess it’s well written so like sure so you got us to you were basically our fake accounts yeah and I got I I I couldn’t remember if this was Prem MFM days so if this was prean being famous uh and I would like get other popular people and write on their behalf and be like hey just post this and uh yeah it worked out really well be like hey can you go com like You’ message 40 of us he’d be like please go comment on this thing this baller just joined and I want this to feel really active for him like I want him I want him to feel overwhelmed and I’m like okay what do you want me to say you’re like say this and I went I would go comment that and then that guy would be like wow what a community this is fantastic and like that first impression was so good because of that that’s what the Reddit guys did and I found by the way you have to do that I have I’ve had to do that uh in that case to about 2,000 people with Hampton I only had to do it to about 300 people and so the numbers that you actually have to do that for like the new members or whatever the community is website visitors it’s actually not that high dude those numbers sound so high you did it for 2,000 members that’s crazy I don’t remember exactly but that doesn’t see but now Trends I think had 20,000 members uh the way I remember it was sort of like the first 150 days yeah you were you were tending to that fire you would not let it just go out uh yeah so it was only about six months that I had to do that um what’s the other point all right next one um okay Talent filters so one thing Paul Graham says he goes that the reason Steve showed up at that talk was because he followed my blog which was about lisp lisp is this like obscure programming language that I think Paul Graham created if not created popularized but I think he created it and he’s like the thing about lisp is um he goes it’s one of those languages that few people will learn except out of your own intellectual curiosity meaning it’s like it’s not you don’t learn it to get rich or to get famous or any of those things if you go through the right of passage of learning this thing and being interested in it you are just wired a certain way and you are somebody who pursues your intellectual like your intellectual interest and Pursuits it’s like I guess pretty elegant if you do code and Lis it’s like really elegant in certain ways but again it’s like cursive or calligraphy it’s like you don’t need to learn calligraphy but if you do you probably have like ey for design right the Steve Jobs thing um so same sort of thing so he so that kind be kind of interested that there are probably like a dozen things that I can think of that are like this amazing talent filters we talked last week about um that startup cognition that came out and raised a bunch of money and uh they have this like AI software programmer that’s like you know better than chat GPT that write in code and that guy was like in the math Olympiad right he was like his sport when we were playing you know basketball and soccer and stuff like that he was like you know sitting there at a on a stage buzzing in and answering like really hard math questions or the spelling be it’s like things that you do if you can become obsessed and degenerate degenerately obsessed about certain things you’re wired a certain way and you are almost like predisposed to success then you know it’s like all I got to do is introduce you to the idea of the stock market trust me all your like [ ] World of Warcraft grinding is going to apply really really well over here you just have to get exposed at the right time here’s a list poker yes yeah board games yes uh Sports specifically individual sports so if you’re world class like an IND like a swimming track of field cycling wrestling those types of things all right the video games one is obvious let me give you a wild card magic I’m not talking about like cards but like Tada like that type of is that every 12-year-old boy I don’t know any 12-year-old boys who did not think magic was the [ ] and bought a magic set for sure if you could trick me on levitating or make a coin come out of my ear like that took a lot of hard work I’m into it eBay flipping was another one back in the day like you know sneaker flipping and eBay flipping was definitely another one being a Mormon and going on a mission another one right being from the countries the Ukraine like any War torn country that you have escaped from great filter right there’s like there’s there’s a bunch of these um all right next one one of one of the the best principles my uh my my trainer and Coach taught me was that the best products are simply you pushed out that’s how I feel about this podcast this podcast is just me pushed out to the world and for Whoever likes me they’re going to like this podcast and it’s going to feel very second nature to me to create this podcast because it’s just me and so uh Paul Graham says almost the same principle without he doesn’t have that catchphrase but he has says the same thing about about Reddit he goes Reddit is Reddit was successful because Steve has two things number one he likes ideas for the sake of ideas like he likes ideas just for the sake of interestingness which is really what Reddit is like you go to Reddit not because it’s the top news story but because it’s like mildly interesting or it’s fascinating in some obscure way and that’s what makes Reddit really really special and that’s the type of stuff that Steve really really likes and so naturally it went in that direction which is like not obvious actually like I think the obvious if you were like writing a business plan you would have made Reddit a lot more like I don’t know the homepage of CNN today right the important stories rather than the quirky interesting stories that are only just they scratch your intellectual itch and nothing really else dude that’s kind of a weird way to say the product is just pushed out of you like just ejaculated straight out yeah yeah yeah you just got to squeeze really hard grunt a little bit and pop it’s just GNA be pushed right out got to make your innie and udy all right that’s that’s all you’re really doing when it comes to entrepreneurship I like you all right the ne the next one that he says there he goes the other thing about Steve he has that but then the second thing is he has a very anti-authority streak um so he liked the idea of creating a website that didn’t have editors because at the time in the internet all edit all websites that were like editorial news link submissions they had this like small class of like The Gatekeepers who decided what’s in and what’s out and Reddit does not work that way they you know over time they have like a self like a de Democratic mod thing but there there is no person at the company who decides what gets posted what gets featured what gets shown and um he’s like those two factors are just like inherent in Steve himself and so it of course the product is an extension of of the founder that I mean yeah that’s pretty amazing I think uh what’s his name Jason freed uh has had a big part of that in his podcast where he talks about being crazier early on because if you start a little bit crazy a little wacky a little weird later on things inevitably become more tight wound more conservative and so it’s best to do it early on to establish that and I thought that I’ve always felt that but I didn’t I wasn’t articulate enough to phrase it in such a wonderful way and that actually is a beautiful uh way of thinking and read it exactly that way the the mascot is this like goofy alien creature right and it’s like first of all you don’t have to have a mascot you could have a logo without a mascot but he has like this alien mascot but it’s like the the weird [ ] got baked in early once this thing got big the idea of like Hey we’re going to introduce this new alien mascot it’d be like well I don’t know do the numbers support that do the focus groups support that is this going to risk the traffic blah blah blah it’s important that the weirdness gets baked in early I shared an office at third and Bryant in downtown San Francisco with Reddit when they were 13 employees uh like shared an office building they were on floor three I was on floor four and I used to get into the elevator and if I would like I was such a fan of Reddit I was like if I meet someone from Reddit in this elevator I’m going to ask for like a picture with them this is a big deal and you would see these guys wearing their Reddit backpacks and sweatshirt and I’m just thinking like these are my heroes and then it’s just like this nerdy Asian guy with like a a crappy mustache who’s like 53 getting at the elevator the book bag was like weighing him back and like he’s going to fall over and I’m like sir it is an honor like like I just remember thinking like uh I love your work yeah like can you sign here just lifting up my shirt and ask up could like side on my chest like I was like the the tide has turned uh I’m not exactly like a like a jock Alpha looking guy but compared to this guy I was and yeah I’m like begging him like please have mercy Well here here’s another good one um Alexis ananan tweeted this out today it was a screenshot of an email he got from Chris Saka and you know this is early on because his name is Christopher Saka not Chris he’s he was still Christopher back then and his his email was like he’s still at Google he was working at Google so he emails them out of the blue and and Alexis tweeted out he goes shout out to Saka for being the first person before my mom before our investors before anybody else who saw how big and successful Reddit could become and here’s what the email says it just starts off there’s no hi no hello it just goes someday folks will be pleading with their hosting companies because they’re being reddited or something like that you guys are driving a surprising amount of traffic to my site I wonder what site it was he’s working at Google at the time I think he literally was just calling Google his site which is legendary I don’t know if there’s another way facing that and the whole email so far is lower caps there’s not one cap lowercase ey is how you starts paragraph three by the way um anyways he goes anyways it was a pleasure meeting you guy not only were you both impressive technologists you both seem like well-rounded guys with senses of humor and I love this he goes humor should never be underestimated all right there’s some wisdom in that bro we’ve been saying that for a long time that’s awesome how how old is Chris in this email you think I mean he’s not like a he’s not a big wig yet five is my guess so he’s 48 now and this was 24 years ago so he’s 24 years old what Chris sacka was 24 when he wrote this email right oh no no sorry 20 years ago so maybe he’s 28 sorry 28 that’s still like this is like a pretty baller email at a young age all right go ahead so he’s 28 years old and he says um I would be thrilled to have you come visit us at the goog o all right you lost me there GL that one didn’t stick yeah luckily you’ve you’ve racked up a bunch of cool points in our Bo yeah definitely took a hit um and then he’s like you know come come then he goes this is the best part dude I didn’t even see this the first time here’s how the email ends he goes we can grab lunch sometime and intro you to some googlers cool question mark the next line cool period dude God I hope my emails never leak cuz I do [ ] like this all the time that is so just so bad and so great at the time that’s all right again he’s got so many cool points that he could be deducted a few douche points and he’s still way up on top like this is better than just being like you’re welcome in advance Yeah Yeah Chris sacka the type of guy to like introduce himself and say please to meet me um this is awesome I thought this was cool and then one more thing you have on here Sam Alman owns 8% which is like a billion dollars today before we even get to that Reddit sold the company so Reddit has had a ton of drama I forget the guy’s name his name was Aaron something um so basically yeah Aaron Schwarz so basically if I remember correctly during YC that three-month period there was another guy named Aaron who was pretty brilliant and he got in trouble or rather before that his company wasn’t working so they merged with Reddit so he kind of became a co-founder of Reddit a few years into the business I think he got in trouble for doing something that is like a uh a lot of people protest against but basically he stole information from MIT I think it was was and they were going to lock him up for like 20 years he did I think he basically gave access to I think scientific journals and what J door I think it was J door uh I mean yes he’s stealing not the right word according to the government it was stealing according to him and I’m on his side it was like this information deserves to be free whatever and he was going to get locked up for like years and he ended up killing himself and this uh along with a bunch of other drama uh they had a bunch of like drama early on and in fact they sold the company to K Nas I forget for how much but I think so here here’s the thread so Alexis tweeted this out the other day which was which was cool because or not the other day four years ago time flies um he talks about selling it in 2006 so they started 2005 basically sold it um in in 2006 so here’s what he says so he goes Halloween is a surreal holiday because on Halloween we sold Reddit to K Nest which was like not a tech company at the time a big magazine publisher he goes basically with 16 months of work I would be getting more money than my parents had made their entire working lives and there were lots of things about management team building whatever that I just didn’t know and I would need to know um he said his mom was ill and he’s like basically it was a $10 million exit and he goes um I didn’t know there were other options like raising money or doing other things so we just kind of sold I think he said previously they they each walked Steve and Alexis walked away with $2 million and then they they ended up buying it back or getting Condon to spin it out and then end up buying it back essentially yes and when they did that they eventually raised money of which Sam mman is credited with now owning 8% of the company and Sam Alman so Reddit has gone through all types of drama where like a CEO was fired and then a week later another CEO was fired Sam mman was intermittent CEO for one day and he was fting interim interim CEO yeah he was the fasted CEO sorry interim um and he uh uh was the CEO because he was in one of their investors and his fund owns 8% I don’t think Sam Alman owns 8% I think he owns a percentage of the 8% which now today is worth something like a billion plus right right that’s right as if that guy you know I’m glad Altman has finally gotten a win under his belt you know like he’s been at it that poor kid God bless him yeah exactly other remarkable things said Not only did they sell too early but they’re they got they got a second ride back on the train um this is also 19 years in the making like it took a long time and by the way the company still not profitable like there’s so many just crazy kind of mind-bending things that if you’re not from the Silicon Valley world like none of this computes like Reddit is the whatever like the fourth biggest uh you know social network in in the world or something like that well I think it’s uh like the 10th most VI visited website in the uh in the country which is funny because if you go to like quote a normal person and be like hey do you use Reddit and they’re like either what’s Reddit or no I don’t know how you know people that use Reddit use all of Reddit use a lot of Reddit there’s a lot of Reddit going going on for people who are users reddit’s my life it’s basically Hacker News and Reddit is and Twitter those three things are just how I get information they um I think they have like 75 million da or something like that anyways they uh it’s crazy that after 19 years are still not profitable but uh everybody who built it made a lot of money have you advertised on Reddit dude there’s like no button I remember trying to adverti 5 years ago I remember being like we should run Reddit ads this is a great market and I went through like a three-hour process and I was like oh I guess it’s impossible to advertise on Reddit there’s like I have to like send a telegram to somebody if I want to advertise on here now it’s much better but I’ve advertised a little bit on Reddit and this was like five years ago and the it’s like so that that feeling that Steve has of [ __ ] Authority the users have that which doesn’t exactly make it the most uh advertising friendly audience and uh I’ve advertised on there cheaps very uh clicks were very cheap uh results very bad they did not buy bu whatever I was selling that’s the slogan flicks cheap results terrible yeah join us you do the math um all right well that’s sick this was a good phone call uh is are you ready to hang up on me now yeah all right I’m GNA go now bye all right that’s the call