Alexis Ohanian is a prominent American entrepreneur, activist, and investor in the online space. To most people, he will always be recognized as the guy who helped start the massively successful social news website Reddit. Oftentimes, people may refer to him as “the startup guy.”
He had planned on attending law school, but after going to Paul Graham’s talk in Cambridge with his buddy Steve Huffman, he decided to pursue entrepreneurship instead. His first foray into entrepreneurship involved pitching the concept of a food delivery app available exclusively online.
Although the concept had potential, it had been done before, and Alexis had a hard time finding investors. Reddit, a social news and media aggregator where anyone with accounts can post their own material, was his next big concept. As a start-up, the idea was a huge success, and it was accepted by the prestigious ‘Y Combinator.
Condé Nast, a media conglomerate, purchased it for an enormous sum of money sometime later. Among his many accomplishments are the founding of successful businesses and the publication of the Wall Street Journal best-seller “Without Their Permission: How the 21st Century Will Be Made, Not Managed.”
He is the father of Alexis Olympia Ohanian Jr., who is the daughter of tennis star Serena Williams. He has made a name for himself as a successful businessman and kind benefactor.
Alexis Ohanian Career
In 2005, he and his friend Steve Huffman tried to pitch the concept of “MyMobileMenu” to the seed accelerator organization Y Combinator. The firm was enthusiastic about the concept but challenged the partners to develop something even more original.
Then they had the inspiration for “reddit.com.” It was intended to function as a social news and media aggregator, with contributions coming from signed-up users. In other words, the term comes from the words “read it.” In 2005, ‘Reddit’ was recognized as a start-up by ‘Y Combinator,’ and in 2006, it was sold to ‘Condé Nast,’ a media firm, for a price between $10 and $20 million. A co-founder of “Reddit” together with Huffman, he stayed on as a board member and actively participated in the site’s operations. He simultaneously forayed into other new businesses.’ Breadpig’ debuted in 2007. This firm specializes in making what some could call “nerdy” items. After the items are sold, the proceeds are given to a good cause. He established the company, although he is no longer involved on a regular basis in its operations.
He spent three months in Armenia in 2010 doing microfinance work for the non-profit organization Kiva, which makes small loans to entrepreneurs and students in over 80 countries via the internet. The program’s ultimate goal was to assist the poor in becoming financially independent. In addition, he has started a business called Das Kapital Capital that will invest in and consult for startups.
Through his direction and leadership, “Reddit” was incorporated as a separate corporation in 2015. He served as CEO until February 2018 before turning his attention to investing. He worked closely with Garry Tan to establish the third ‘Initialized Capital’ fund, which provided initial funding for companies like Instacart, Opendoor, Zenefits, and Cruise.
Major Works
Without Their Permission: How the 21st Century Will Be Made, Not Managed was released in October of 2013. According to The Wall Street Journal, this book is the fourth best-selling in the “hardcore business” category.
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Alexis Ohanian’s Net Worth
In the words of Alexis Ohanian, Alexis Ohanian is a successful online entrepreneur in the United States, with a net worth of $40 million. He was an early contributor to Reddit. Ohanian shot to fame when he wed tennis star, Serena Williams.
Early Life of Alexis Ohanian
On April 24, 1983, Alexis Kerry Ohanian was born to Anke and Chris Ohanian in Brooklyn, New York. His German mother was the offspring of an Armenian father. In 2001, he earned his diploma from “Howard High School” (located in Ellicott City, Maryland) and, as a result of his academic excellence, was selected to deliver the student address at his graduation ceremony.
He enrolled at “The University of Virginia,” where he met Steve Huffman and earned a degree in business and history in 2005. He considered law school while working as a waiter at “Pizza Hut” in the days immediately following his high school diploma. To hear Paul Graham speak on “How to Start a Start-up” at Cambridge University alongside Huffman was a pivotal moment in his life.
Awards & Achievements of Alexis Ohanian
In 2011 and 2012, he was recognized as one of “Forbes” magazine’s “30 Under 30” in the field of technology. The 20th-anniversary issue of “Wired” magazine featured him as an innovator champion in 2013.
He was recognized as a “40 Under 40” business leader by Crain’s in 2015.
When it came to business leaders, he was recognized as one of 2016’s “Most Creative People” by the publication Fast Company.
Alexis Ohanian’s Personal Life
Alexis’s girlfriend had a traumatic experience early in his career when she fell from a fifth-story window and landed in a coma. During this time, his mom was told she had an inoperable tumor. Nonetheless, he overcame his ordeal and went on to achieve success in life.
After dating for 15 months, he proposed to tennis superstar Serena Williams in December 2016. Alexis Olympia Ohanian Jr. was born in September 2017 and is the couple’s first child. Their wedding took place in New Orleans, Louisiana, in November of 2017.
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