Reddit raising funding at a valuation of $1.7 billion
Link-sharing website Reddit is reportedly raising $150 million funding from venture capitalists, that would value the startup at $1.7 billion. Steve Huffman and Alexis Ohanian founded Reddit in 2005 as students at the University of Virginia. They joined Silicon Valley business incubator Y Combinator and sold the startup to magazine publisher CondÃ© Nast the next year.