I was shocked when Reddit raised more than $300 million on a $3 billion valuation. I use Reddit frequently and like the product, but still feel like the valuation is unjustified. The round was led by Tencent, but a16z and Sequoia also participated, both of whom should have known better. Because, if there’s one law on the Internet, it is that it is hard to monetize off of shitposts.
It’s hard to monetize off of shitposts
It’s hard to monetize off of shitposts
It’s hard to monetize off of shitposts
I was shocked when Reddit raised more than $300 million on a $3 billion valuation. I use Reddit frequently and like the product, but still feel like the valuation is unjustified. The round was led by Tencent, but a16z and Sequoia also participated, both of whom should have known better. Because, if there’s one law on the Internet, it is that it is hard to monetize off of shitposts.