Alexis Ohanian, co-founder of Reddit and Initialized Capital, talks about his biggest flop. In 2004, before I created Reddit, I started a company called My Mobile Menu that was a spectacular flop. The idea was that users could order food via text message, but smartphones didn’t exist yet, so the user experience was awful. My partner and I interviewed with Y Combinator to secure funding and figured we were shoo-ins since we knew the founder. In order to view the video, please allow Manage Cookies
Then Y Combinator rejected us. I was so ashamed that at a party that night, I couldn’t bring myself to admit we hadn’t raised the money. Well, the next morning, Y Combinator called and said, ‘We like you, but not your idea. If you’re willing to change it, we’ll fund you.’
Serena Williams “Shares” Her Number One Ranking, Once Again
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So I did; our next idea was Reddit. What I thought was a failure ultimately saved me from years of trying to launch a company that would have never gone anywhere. — As told to Sal Vaglica This essay is part of our Art of the Fail series.
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Alexis Ohanian, co-founder of Reddit and Initialized Capital, talks about his biggest flop.
In 2004, before I created Reddit, I started a company called My Mobile Menu that was a spectacular flop. The idea was that users could order food via text message, but smartphones didn’t exist yet, so the user experience was awful. My partner and I interviewed with Y Combinator to secure funding and figured we were shoo-ins since we knew the founder.
In order to view the video, please allow Manage Cookies
Then Y Combinator rejected us. I was so ashamed that at a party that night, I couldn’t bring myself to admit we hadn’t raised the money. Well, the next morning, Y Combinator called and said, ‘We like you, but not your idea. If you’re willing to change it, we’ll fund you.’
Serena Williams “Shares” Her Number One Ranking, Once Again
Read article
So I did; our next idea was Reddit. What I thought was a failure ultimately saved me from years of trying to launch a company that would have never gone anywhere. — As told to Sal Vaglica
Serena Williams “Shares” Her Number One Ranking, Once Again
Read article
Serena Williams “Shares” Her Number One Ranking, Once Again
This essay is part of our Art of the Fail series.
For access to exclusive gear videos, celebrity interviews, and more, subscribe on YouTube!
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Model and Influencer Sixtine Rouyre Joins 2023 Sports Illustrated Swimsuit Edition
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