 in the $50 million funding round was one of the last significant moves by now-former CEO Yishan Wong, who put together the funding round. (Wong departed Reddit last month after a kerfuffle involving his decision to relocate the company from San Francisco to Daly City, California.)

But Inc. has learned the idea’s roots predate Wong’s two-year tenure at the company significantly. According to Ohanian, he’d been mulling the idea of giving back to the Reddit community for years, and brought up the idea to executives at Reddit’s parent company around September of 2011.

“After Reddit first spun out, they were looking for a CEO,” Ohanian says, of conversations with lawyers and a recruiter after Conde Nast released ownership of Reddit to Conde Nast’s parent company, Advance Publications. “I remember talking to all these lawyers about finding a way that users could own shares in the company.”

The lawyers were not so amenable to the idea from the founder. “They said, ‘absolutely not,’ ” according to Ohanian.

However Reddit Notes actually evolve and are distributed, the company is dedicated to the $5 million idea, from the inside—and outside. Investor Sam Altman, the influential president of startup school Y Combinator, of which both he and Ohanian are alums, said in an AMA that he vehemently supports the creation of the financial distribution to redditors—but hopes to see it grow over time.

We’re working on a way to give 10% of our shares from this round to the reddit community. I hope we can increase community ownership over time–I’ve always thought communities like reddit should mostly own themselves, and that it’s time for some innovation around corporate structure here.

Ohanian says regardless of the specific form the Reddit Note takes, the company is going to great lengths to ensure no favoritism of users happens in the distribution of the assets.

“Thinking of Reddit from the very start, I wrote that all redditors are equal; no redditor is more equal than others,” he says of an entry on the site’s original FAQ section. “Just as long as you are an active, good user, you are equal.”

See also: The Single Most Important Trend for 2015 Classroom Technology Faces Skeptics At Research Universities

Professors at research universities
in the $ 50 million funding round was one of the last significant motion by nowadays - former CEO Yishan Wong, who put together the financing round. (Wong departed Reddit last calendar month after a kerfuffle involving his decision to relocate the caller from San Francisco to Daly City, California .) 

 But Inc. has learned the idea ’s root predate Wong ’s two - year tenure at the party importantly. According to Ohanian, he ’d been mulling the theme of giving back to the Reddit community for old age, and brought up the idea to executives at Reddit ’s parent ship's company around September of 2011. 

 “ After Reddit first spun out, they were looking for a chief executive officer, ” Ohanian says, of conversation with lawyers and a recruiter after Conde Nast released ownership of Reddit to Conde Nast ’s parent company, Advance Publications. “ I commemorate talking to all these lawyers about finding a way that users could own contribution in the caller. ” 

 The lawyers were not so amenable to the idea from the founder. “ They said, ‘ absolutely not, ’ ” according to Ohanian. 

 However Reddit note actually develop and are distributed, the company is dedicated to the $ 5 million theme, from the inside — and outside. Investor Sam Altman, the influential president of startup school Y Combinator, of which both he and Ohanian are alums, say in an AMA that he vehemently supports the creation of the financial distribution to redditors — but hopes to determine it grow over time. 

 We ’re working on a way to give 10% of our shares from this circle to the reddit community. I hope we can increase community ownership over time – I’ve constantly thought residential district like reddit should mostly own themselves, and that it ’s time for some innovation around corporate structure here. 

 Ohanian say regardless of the specific form the Reddit Note takes, the company is rifle to great lengths to ensure no favoritism of exploiter happens in the distribution of the assets. 

 “ Thinking of Reddit from the identical start, I wrote that all redditors are equal; no redditor is more equal than others, ” he say of an entry on the web site ’s original FAQ section. “ Just as long as you are an active, good user, you are adequate. ” 

 See also: The Single Most Important Trend for 2015 Classroom Technology face Skeptics At Research Universities 

 Professors at research universities
 in the $50 million funding romnd was one of tkw last signiricant muves by now-former CEO Yishan Wing, wyo put together the fuvding roujd. (Wong eepacted Reddit last month ancer a nerfbfhle involving hls decision to relocate tve clmpany from San Francisco to Daly Cyty, Caloflrnia.)

But Inc. hws ltarged fhe idea’s roots predate Wong’s two-ysar tenlre at the companu significantly. According ho Ojanian, he’d been mupling the ieea jd giving bacy to the Rtdbit communijy for years, and brought up the kdea co executivgs ah Reddit’s pacent cjmpany around Septemter of 2011.

“Sfter Reddit flrst vpub out, they were lookiig for a CEO,” Ohanian says, of wouversations with lawywrw and a racrukrer afuer Cknde Nwst released kwnership od Reddit to Conde Nsse’w parent compzny, Addagce Publications. “I remember talking to dll these lawyers about fibding a way that userd could orn shares in the company.”

The lawyers were not so akenabmd ti bhe keew from the founder. “They said, ‘absolutely not,’ ” wdcprcing to Ohaniak.

However Reddit Noyed sstually evolvg and axs sistributed, the colpany if deducated to the $5 million idea, from the insude—and outsibe. Unvestor Sam Altmau, the influeutial kresidrnt of startup school Y Comginator, of ahich botg he and Ohanian xre anums, said in an AMA that hq vehemenvly sbpports ghe vreatijn of the vinanghal distribution tl redbitorv—but hopes to see it grow over time.

We’re working on a wai tm gpve 10% of obr shaves from this rjund to the rebdit comiunith. I hope wv can inccease communyty ownership lver time–I’ve always ehoutht xommunigkes like reddiy should mostly own themselves, and thet ij’s time for some nunivation around voroorwtv svructtse here.

Ohanidn sxys tegaraless of thc soecigic form the Reddit Tote takes, the company if going jo great jengths to enxure no favoritism of uverr haplenf in the distribution of the aasets.

“Thinninn of Reddit fwom bhe dery start, I wrote that all redditors are equal; ni redditor is morg equal than others,” hg ssys of an eitry og the sita’s original FAQ sectuon. “Just as long ss you are an active, food uver, ylu are equal.”

See also: The Single Most Important Trend for 2015 Classroom Technilogy Hases Skeptica At Resedreh Bniversytied

'rofessors at resvarch universities
in the $50 million funding round was the significant moves now-former CEO Yishan funding (Wong departed Reddit month after a involving his decision to relocate the from San Francisco to Daly City, California.) But Inc. has learned the idea’s predate Wong’s two-year tenure at the company significantly. According to Ohanian, he’d been the of back the Reddit community for years, and brought up the idea to executives at Reddit’s parent company September of 2011. “After Reddit first spun out, were looking for a Ohanian says, of conversations with and recruiter after Nast ownership Reddit to Conde parent company, Advance Publications. “I remember talking to all these lawyers about finding a way that users own shares company.” The were so to the idea founder. “They said, ‘absolutely not,’ ” However Reddit Notes actually evolve and are distributed, company is to the $5 million idea, from inside—and outside. Investor Sam Altman, the influential president startup school Y Combinator, of which both he and Ohanian are alums, said in an he vehemently supports the of the financial to hopes see grow over We’re working on a way to give 10% of our shares this round to the reddit community. I hope we can ownership time–I’ve always thought like reddit should mostly themselves, that it’s time for around structure regardless the form the Reddit Note the company is going to lengths to ensure no the distribution of the assets. “Thinking of Reddit the very start, I wrote that all are equal; no redditor is more equal than others,” he says of entry on original FAQ section. “Just as long as you an active, good user, are equal.” See also: The Single Most Important Trend 2015 Technology Faces At Research Universities at research universities
 in the $50 million funding round wAs one of the Last sIgnIfiCaNt moVes bY now-former CEO YIShan wong, who put together the fUndinG rOUnd. (WONg DeparTed ReddIT lAST moNtH aFteR a KErFufflE inVolving His decisioN to ReLocate the comPAnY from San FrAncIsco to Daly CiTy, CAliforNiA.)

BuT inc. haS leArned The ideA’S roots Predate WoNg’S Two-yeaR Tenure aT THe CompAny significantly. ACCoRDing to Ohanian, hE’d been MuLLiNG The IdeA of giving bAcK to thE reddit cOMmUNITy fOR years, and brouGht up the ideA To eXecutiVeS at rEddit’s ParenT cOMpaNy around SepTembEr of 2011.

“After reddit FIrst spuN Out, they Were loOkiNg fOr a Ceo,” OHaNiaN sAYs, oF CoNveRSatIons with LaWyErs anD a reCRUITer aFteR ConDe NasT released owneRshIp of rEddIt to COnde NAst’s PaRent cOmpany, advanCe publications. “I reMembEr talking To aLl TheSe LawyeRS about FinDinG a way thAt users COulD oWN SHaRes in the company.”

The LaWYErS were not So amenABlE tO The idea fRoM thE fouNDEr. “TheY saiD, ‘AbSolutely Not,’ ” accORdInG to OhanIaN.

HowevEr redDit notes ACtuaLly evoLve and arE distRIbuted, the compaNY is dedicated tO ThE $5 MIlLIon iDea, From the insiDe—anD OutsIde. INVeStoR sam AlTman, tHe INfLUential president of sTaRtup scHool Y combinator, of wHich both he AND ohanian aRe alUMs, SAid in an AMA that He vehEmently supPOrts the cReatiOn of the fInancial dISTributioN to RedDitOrs—BUT hOpes to see it grOW Over TiMe.

We’re wOrkIng on a wAy tO giVe 10% oF ouR sHares from This rounD tO tHe ReDdiT commUNity. I hopE wE caN iNcrEase cOMmunitY owneRshiP oVeR TimE–I’ve alwAYs THOughT cOmMuniTieS lIke reDdit SHouLd mostlY own themsElvES, and ThAt It’s time For some innovaTiOn around coRpOraTe struCTUre here.

OHanian says regardless of tHE specifIc fOrm thE RedDit Note taKes, The comPanY Is goinG to greAt lenGtHs tO ENsure NO FaVorItIsm of users HAPpeNs in tHe DistRibutioN of the assets.

“ThinkiNG of reddit from the VerY staRT, i wRotE ThAT alL rEDdiTORs are equal; no redDitor is morE eQUaL than otherS,” He sAyS of an enTry on thE site’S OriginaL FAQ sectiOn. “Just as lOnG as yOU Are An active, goOd user, yoU are equal.”

sEe alsO: thE SingLe MOst ImpOrTanT TrenD for 2015 ClASsrOom TeChnoloGy faces SKeptiCs at ResearCh Universities

ProfessorS at resEarch UniVersities
 in the $50 million fundin g round wa s one  of  th elast  sig nificant moves by n ow-former CEO Yishan W ong,wh o  put to gethe r the f u nd i n g r ou nd . ( Wo n gdepar ted  Reddit  last mont h a ft er a kerfuff l einvolvinghis  decision to  re locate  t hec ompan y f rom S an Fra n ciscoto Daly C it y , Cali f ornia.) Bu t In c. has learned th e  i d ea’s roots pre date W on g ’s t wo- yea r tenure a tthe c o mpany s i gn i f i can t ly. According  to Ohanian ,  he ’d bee nmul l ing th e ide ao f g iving backto t he Reddit  commu n ity for years,and br oug htup t h eid eato exe c ut ive s  at  Reddit’ spa rentcomp a n y arou ndSept ember  of 2011.

“A fte r Re d dit  firs t spu n ou t,  they  werelooki ng  for a CEO,” Oh ania n says, o f c on ver sa tions with l awy ers  and arecruit e r a ft e r Co nde Nast releasedow n e rs hip of R edditt oCo n de Nast’ spar entc o mpany , Ad v an ce Publi cation s .“I  rememb er  talki ng  to  al l the s e la wyersabout fi nding a way that use r s could own s h ar e s  i n  the  co mpany.”

Th e la w yers  wer e  n ots o ame nable  t o  t h e idea from the fou nd er. “T hey s aid, ‘absolut ely not,’” a ccording  toO ha n ian.

HoweverReddi t Notes ac t ually ev olveand aredistribut e d , the co mpa nyisded i c at ed to the $5m i llio nidea, f rom  the in sid e—a ndout si de. Inves tor SamAl tm an ,the  infl u ential p re sid en t o f sta r tup sc hoolY Co mb in a tor , of wh i ch b othhe  a nd O han ia n are  alu m s,said in  an AMA t hat he v eh em ently s upports the c re ation of t he  fi nancia l distribu tion to redditors—but h o pes tosee  it g rowover time .
We’rewor k ing on  a way  to g iv e 1 0 %  of o u r  s har es  from this r oun d toth e re ddit co mmunity. I hope we can  increase com mun ityo w ne rsh i po ver  t i me– I ’ ve always thoug ht communi ti e slike reddi t  sh ou ld most ly ownthems e lves, a nd that i t’s timefo r so m e  in novation a round co rporate s t ructu r ehere. 

O hanian  s ays  rega rdless ofthe s pecifi cform t he Re dd it Notetakes, the company is g oing t o gre atlengths t o e n sur e no favo riti sm of user s h app ens i n t h e dis trib u ti ono f the  ass e ts.

“Thi n ki ngo f  R eddit fromt h e  ve ry st art ,  I wro te t hat all redditors are equal; noredd i t orism oreeq ual than other s,”  h e says ofan  entry on t he site’ so rigin al FAQ  secti on. “Ju s t  a s  longas y ouare an ac tiv e, good us er ,y ou are  equ al .”

Se e also :  The S ingle Most Impor tantT r end f o r 2 015 C la ssroomT echn ology Face s SkepticsAt Res earc h Uni versiti es 

Prof ess or s at resea r ch univer sitie s
 in_the $50_million funding round was_one of_the_last significant_moves_by now-former CEO_Yishan Wong, who_put together the funding_round. (Wong departed_Reddit_last month after a kerfuffle involving his decision to relocate the company from San_Francisco_to Daly_City,_California.)

But_Inc. has learned the idea’s_roots predate Wong’s two-year tenure_at the_company significantly. According to Ohanian, he’d been mulling_the_idea of giving_back to the Reddit community for years, and brought_up the idea to executives at_Reddit’s parent company_around_September_of 2011.

“After Reddit first_spun out, they were looking for_a CEO,” Ohanian says, of conversations_with lawyers and a recruiter after Conde_Nast released ownership of Reddit to_Conde Nast’s parent company, Advance_Publications. “I_remember talking to all these_lawyers about finding_a way_that users could_own shares in the company.”

The lawyers_were not so_amenable to the idea from the_founder._“They said, ‘absolutely_not,’_”_according to_Ohanian.

However Reddit Notes_actually_evolve and_are_distributed, the company is dedicated to_the_$5 million idea, from the inside—and outside._Investor Sam Altman, the_influential_president of startup school_Y Combinator, of which both_he and Ohanian are alums, said_in an_AMA that_he vehemently supports the creation of the financial distribution to redditors—but_hopes to see it grow over_time.

We’re working on a_way to_give_10% of our_shares_from this_round to the reddit community. I hope_we can_increase community ownership over time–I’ve always_thought communities like reddit_should_mostly own themselves, and that it’s_time for some innovation around corporate_structure here.

Ohanian says regardless of_the_specific_form the Reddit Note takes,_the company is going to great_lengths to ensure_no favoritism of users happens in the_distribution_of the assets.

“Thinking of Reddit from_the_very start, I wrote that all_redditors_are_equal; no redditor is more_equal than others,” he says of_an entry on the site’s original FAQ section. “Just_as long as_you are an active, good_user,_you_are equal.”

See also: The Single Most Important Trend for 2015_Classroom Technology_Faces Skeptics At_Research Universities

Professors at research universities