I got the invitation. I considered it. I decided not to participate. Reddit is too user hostile for me to consider that they have much room for growth, their valuation seems very optimistic, and the fact that they gave Piss Boy a $190 million dollars compensation package for last year is worrying to say the least. The whole IPO seems like a sell and bail strategy for the executive leadership.
Felt the same way. A lot of articles mention that reddit always loses money (every year for 2 decades) and investors are no longer interested in growth potential, they want to see profit. I think this is probably true, and the show Silicon Valley is a humorous explanation of why it’s true.
I got the invitation. I considered it. I decided not to participate. Reddit is too user hostile for me to consider that they have much room for growth, their valuation seems very optimistic, and the fact that they gave Piss Boy a $190 million dollars compensation package for last year is worrying to say the least. The whole IPO seems like a sell and bail strategy for the executive leadership.
Felt the same way. A lot of articles mention that reddit always loses money (every year for 2 decades) and investors are no longer interested in growth potential, they want to see profit. I think this is probably true, and the show Silicon Valley is a humorous explanation of why it’s true.