Alexis Ohanian Raises $150 Million for New VC Fund
The Reddit co-founder also says he’s long on GameStop and Ethereum.
Alexis Ohanian
Photographer: David Paul Morris/Bloomberg
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Reddit Inc. co-founder Alexis Ohanian has raised $150 million for a venture fund, the first launched by his new firm, Seven Seven Six.
The investors behind Seven Seven Six are half female and 15% Black or indigenous, higher proportions than most VC firms. Speaking on Bloomberg Television on Thursday, Ohanian said the diverse investors reflected the views of the founders he is working with. “They want to know who we’re making money for,” he said. “We should have a community that’s reflective of our country.”