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Reddit cofounder Alexis Ohanian is leaving his venture capital firm Initialized Capital - Business Insider

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Reddit cofounder Alexis Ohanian is leaving his venture capital firm Initialized Capital

Initialized specializes in more traditional seed-stage investing. Ohanian, per Axios, is interested in pursuing "pre-seed" investments, which would entail working with companies in the earliest stages of development. He'll still work with the firm's existing portfolio companies.

Ohanian cofounded Initialized with Gary Tan in 2011. Starting in 2014, Ohanian was less involved as he began to focus on operations at Reddit, but returned full-time in 2018.urging the company to fill his role with a Black candidate amid widespread demonstrations protesting systematic racism in the US.

"I believe resignation can actually be an act of leadership from people in power right now," Ohanian said at the time, citing his family as one of the reasons for spurring the act. Ohanian is married to tennis star and champion Serena Williams.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

 

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Hmmm, playful minimalism. First the Reddit board, then his VC firm, next?

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