Alexis Ohanian's Bold Moves: Tariffs, Startups & Serena!
Is Alexis Ohanian just another name in the crowded world of tech and venture capital? Absolutely not. He's a visionary who sees the future, not as it is, but as it could be, and he's building it brick by brick. From co-founding Reddit to championing women's sports, Ohanian's fingerprints are all over the digital landscape and beyond.
Born on April 24, 1983, Alexis Ohanian isn't just an internet entrepreneur and investor; he's a force of nature. His journey began with Reddit, a platform that revolutionized online communities. But Ohanian's ambition didn't stop there. He's the founder of Initialized Capital, a venture capital firm with a keen eye for spotting and nurturing promising startups. And now, he's diving headfirst into the world of women's sports, aiming to redefine the game for the digital age. He teamed up with two longtime collaborators for new fund seven seven six. In 2020, Alexis founded seven seven six, an early stage venture capital firm with $970m AUM as of 12/31/2023. At its heart, the firm is a technology company that deploys venture capital. Mary Ann Azevedo has more than 20 years of business reporting and editing.
| Category | Information |
|---|---|
| Full Name | Alexis Kerry Ohanian |
| Date of Birth | April 24, 1983 |
| Nationality | American |
| Education | University of Virginia |
| Occupation | Internet Entrepreneur, Venture Capitalist, Investor |
| Known For | Co-founding Reddit, Founding Initialized Capital & Seven Seven Six |
| Spouse | Serena Williams (Married in 2017) |
| Children | Alexis Olympia Ohanian Jr. and Adira River Ohanian |
| Firms Founded | Initialized Capital, Seven Seven Six (776) |
| AUM (Seven Seven Six) | $970 million (as of 12/31/2023) |
| Philanthropic Activities | Founder of 776.org, Commitment to climate initiatives and combating inequity. |
| Board Memberships | AdQuick, RO, Visually, Atoms, ApeCoin |
| Advocacy | Net Neutrality, Universal Paid Paternity Leave |
| Reference Link | Alexis Ohanian's Official Website |
Ohanians influence extends beyond the boardroom. He's a vocal advocate for net neutrality and universal paid paternity leave, issues he's written about extensively. His personal life, particularly his marriage to tennis icon Serena Williams, has further amplified his platform, allowing him to champion philanthropy and social change. The couple married in 2017 and have two daughters. After serena williams announced she would be retiring from tennis to focus on her family and business ventures, her husband, alexis ohanian shared, i'm so happy she wrote that piece.it came out. His ventures reflect a desire to merge luxury with sustainability, ensuring that each of his businesses offers something unique.
- Perv Therapy Unorthodox Methods Real Results Updated
- Bertie Highmore Freddie Highmores Brother Actor More
In 2020, amidst a global pandemic, Ohanian launched Seven Seven Six (776), an early-stage venture capital firm. The name itself, "776," holds significance, representing the number of weeks between the passage of the Americans with Disabilities Act and the legalization of same-sex marriage in the United States a symbol of progress and inclusivity, values deeply embedded in the firm's ethos. With $970 million in assets under management as of December 31, 2023, 776 isn't just another VC firm; it's a technology company that deploys venture capital, according to Ohanian himself. It functions like a software company to support their operations.
Two years after launching Seven Seven Six, Ohanian established the 776 Foundation, a philanthropic arm dedicated to combating inequity worldwide through entrepreneurship. The foundation announced a $20 million commitment to climate initiatives, demonstrating Ohanian's commitment to addressing some of the world's most pressing challenges. This commitment to social impact distinguishes him from many in the tech and investment worlds, showcasing a desire to use his success for the greater good.
Ohanian's investment in women's sports is particularly noteworthy. Recognizing the untapped potential in this sector, he's backing ventures like a women's track startup. As Mark Stenberg of Adweek notes, Ohanian is embarking upon his "latest, and arguably most ambitious venture: Building out the universe of women's sports." He sees an opportunity to "reconsider every element of sport and optimize it for the digital age," unburdened by the traditions and constraints of established leagues. Reddit cofounder alexis ohanian's venture capital firm seven seven six is one of the firms backing the startup.
Beyond Seven Seven Six and his forays into sports, Ohanian has a long history of successful ventures and investments. As the founder of Initialized Capital, he's backed numerous successful startups. He invested $10 million into social startup Pearpop in a series A round, alongside $6 million coming from other investors including bessemer venture partners, sound ventures, slow ventures and other celebrities. He's also an investor in 2 Punks Capital and served as an advisor at Summon (automotive). He serves as board member at AdQuick, RO, Visually, Atoms and ApeCoin.
Ohanian's entrepreneurial spirit extends beyond the digital realm. His journey from tech entrepreneur to a hospitality innovator reflects his versatility and commitment to enhancing consumer experiences. His ventures reflect a desire to merge luxury with sustainability, ensuring that each of his businesses offers something unique. In addition to his business pursuits, Ohanian is a passionate advocate for an open and accessible internet. Since selling Reddit in 2006, he has fought against federal bills that would have stifled internet innovation.
In Los Angeles, Alexis Ohanian teamed up with Kevin Rose, the founder of Digg, to revive the once-popular Web 2.0 platform. This collaboration showcases Ohanian's understanding of the cyclical nature of the internet and his ability to identify opportunities to revitalize forgotten gems. The two have teamed up to revive digg, which was popular in the web 2.0 era.
Ohanian's influence extends beyond his business ventures. On Wednesday, Ohanian will join New York Times business reporter Sapna Maheshwari to share advice for UVA students and others hoping to follow in his footsteps, at Innovate Like a Boss with Alexis Ohanian. the free event, sponsored by the new york times, begins at 7 p.m. at UVAs Darden School of Business. His willingness to share his experiences and insights underscores his commitment to fostering the next generation of entrepreneurs.
Playback, which calls itself a twitch for sports, launched in 2023 as a virtual platform for sports fans. Alexis ohanian\u2019s women\u2019s track startup, like any good venture capitalist, ohanian saw the potential and brought in money. This small business was hit with a surprise 181 percent tariff.
The Reddit cofounder, an American internet entrepreneur and investor, who also goes by the moniker "Business Dad" is also a champion for family values, particularly paid paternity leave. His outspoken advocacy on this issue stems from his own experiences as a father and his belief that all parents deserve the time and support they need to bond with their children. This stance aligns with his broader commitment to creating a more equitable and just society.
Alexis Ohanian is more than just a tech entrepreneur; he's a visionary, an investor, and an advocate for positive change. From revolutionizing online communities with Reddit to championing women's sports and fighting for social justice, Ohanian is constantly pushing boundaries and challenging the status quo. His journey is a testament to the power of innovation, the importance of social responsibility, and the enduring impact of a well-placed bet.
Reddit cofounder Alexis Ohanian is leaving his venture capital firm
Alexis Ohanian embarking on ventures aimed at expanding women's sports
Alexis Ohanian, Co Founder of Reddit, on Venture Capital Wharton
