Alexis Ohanian, the co-founder of Reddit, has shared details about his most successful investment and some notable missteps. In a recent podcast interview, Ohanian revealed that his early investment in Ethereum has yielded a staggering return.
With a $10,000 initial investment in Ethereum’s pre-token sale, Ohanian’s stake has grown to a substantial $17.1 million. He also disclosed that he sold some of his Bitcoin holdings to fund his engagement and wedding to tennis champion Serena Williams.
While Ohanian’s Ethereum investment proved to be a goldmine, not all his ventures have been equally successful. The Reddit co-founder expressed regret over his investments in Clubhouse and Zenefits.
Clubhouse, once a social media sensation, experienced a significant decline in popularity after the peak of the COVID-19 pandemic. Ohanian admitted to doubling down on his investment in the company despite warning signs.
Zenefits, an HR platform, also faced challenges, including valuation markdowns and controversies. Ohanian revealed a missed opportunity to exit the investment before a significant valuation drop.
These experiences highlight the inherent risks in the world of investments and the importance of careful analysis and decision-making.
