At the end of the day, how many ads did it take to convince you to use Facebook or Twitter? It wasn't marketing or advertising that convinced you to use these services. It was their value.
Alexis OhanianIf I'm at the University of Georgia and I can't inspire this room full of students, OK, fine. I'm not going to take it personally. Maybe a little bit, but I'll be all right.
Alexis OhanianIf you look now, more than ever new entrants, new upstarts, are able to grow so much faster than they could before.
Alexis OhanianYou know that Estonia, based largely on how successful Skype was, built by Estonian developers, that was a tenth of the entire country's GDP when eBay bought it. That was like a decade ago, it was f****** Estonia, they were behind the Iron Curtain two decades earlier. They're now pushing for K-12 education in computer science in public schools. They've gotten the message. They know how much value that can bring.
Alexis OhanianThe Internet is such a tough marketplace because everyone is a click away from going back to a cat photo, or going back to whatever else they were doing. You have to win them over, and do it quickly, and do it by making something people actually want.
Alexis OhanianNo, everyone has great ideas, but what makes a difference, especially online, or just in life, is actually doing it; getting that first version out there.
Alexis OhanianI guess if you include contractors that are six or seven people working on reddit, but when we got acquired there were basically three and then in the years since, we've added three more developer hires full time, and a community manger. But the site is still remarkably small.
Alexis OhanianEven if you have no interest in starting a company, having the experience of having ideas and doing them, that's muscle to exercise because that's what people are going to want to see. That's what makes you different.
Alexis OhanianI want to be in an industry where the upstarts can grow and displace the incumbents, because that's why there's so much innovation.
Alexis OhanianThe Internet is, as a communication platform and a learning platform, unparalleled because whether you want to learn something or share something, it's simply a few clicks away.
Alexis OhanianI think we are a better and a more efficient society when people actually get to do the things that they really are passionate about, and really are amazing at, because it's going to mean better stuff for us, too.
Alexis OhanianThe first step, and the thing that everyone has to do right on the Internet is make something people want.
Alexis OhanianRaise $500 for a thing you care about because you actually get the experience of taking an idea and actually doing it. There are fewer and fewer excuses not to.
Alexis OhanianHundreds of these companies I've seen since the beginning stages - including Dropbox and Airbnb - one of them has actually been crushed by an incumbent. The Googles, the Twitters, the Facebooks, they might be someone to acquire you, which is not necessarily a bad position to be in.
Alexis OhanianThe best part of being an angel investor is seeing these kids coming up with companies that get way more traffic than Reddit had when we sold it. I think, 'Are you kidding me? They're just kids, and they've done so much.
Alexis OhanianCan we imagine the United States without electricity? No, that would be pretty hard. Likewise, we can't really imagine being without an open Internet. The cost would be so grave, so serious.
Alexis OhanianYou can throw - and we've seen plenty of these kinds of companies - millions of dollars in advertising for a website or a service, and in the end if it's not useful no one's going to use it.
Alexis OhanianWe were very, very lucky being in the first round of Y Combinator because that alone generated a lot of interest. A lot of readers of Paul Graham were just excited to see what was going to come up. And we were the first ones to launch.
Alexis OhanianObviously solving the education problem is big and complex, and there's already so many failings, but coding is the new fluency. This is the most valuable skill of this century. If you want to be a founder of a company, and not even just a tech company, but like a founder of a company, because I'm telling you software is going to play a role.
Alexis OhanianThere was a clear lesson here โ and that was that the Internet loves Mister Splashy Pants.
Alexis OhanianI think the one advantage to a failed - recovering, but a pretty broken - economy, and a lot of broken promises, is that we've pulled the veils from our eyes way earlier than most people do, and realize "Hey, you know what, maybe I should try do this thing that I really care about, and why not spend the time now during my best years to get into knitting, or coding, or swamp boat sailing." And there's this resource called the Internet that's going to provide you with a stage and a library for all of those things.
Alexis OhanianIf you have things or are involved with things that turn on, it's going to have code. And there are so many people - let's pick on the historians - even as a historian, let's say I ended up going the road of being a historian, just knowing some basic scripts, any kind of automation would have made me a 10 times better historian because I wouldn't have to sit there changing every file name to "1234" and then "12345." It can have a transformative value.
Alexis OhanianLet's say you're all worried about student-loan debt and you need to have steady income. That doesn't have to be your everything.
Alexis OhanianThe weird thing about reddit is that, for a community its size - now I'm no longer at reddit, but the public traffic numbers that they put out are, I think with the site about eight million unique visitors a month, or every 30 days, which is a fairly big site.
Alexis OhanianIf I were a snarky Reddit user though, I would say, hypothetically, that that would just be like reading Reddit's Front Page a day later. But I'm not going to go there.
Alexis OhanianBecause it's so empowering, I want people to think about being entrepreneurial regardless. They don't have to start companies, but that's what makes them great employees, that's what makes them great citizens.
Alexis OhanianFacebook makes me hate the people I know, and Reddit makes me love the people I don't.
Alexis OhanianThe reality is, there's still so much we haven't yet figured out. There's still so much stuff that has not been made more, frankly, efficient.
Alexis OhanianI often think of a quote from entrepreneur Jim Rohn: 'You are the average of the five people you spend the most time with.' Surround yourself with people who are doing interesting things, who are thinking interesting thoughts, who challenge you to be better, and who come from a diverse set of backgrounds and experiences. That, combined with appropriate moments of 'me' time, provides the perfect breeding ground for great ideas. And whatever you do, don't get hung up on what competitors are doing. Be aware of what's going on in the industry, but don't let it dictate your own creative process.
Alexis OhanianI hate phone calls so I believe in a telephone armistice. To me, the idea of calling someone unprompted is basically saying, 'Hey, stop whatever you're doing and talk to me right now.
Alexis OhanianEvery founder has to delude themselves into thinking, "Yes, it's going to be big. It's going to take over the world."
Alexis OhanianWhat one realizes there is that we are not in control of the [reddit] community, in any way, shape or form. We have no power over it and so we've lost this total control.
Alexis OhanianThe great thing about the Internet is, it's the freest marketplace of ideas that there is.
Alexis OhanianHaving that kind of endorsement and having Paul Graham's readership coming to your site and contributing to it and building the foundation of the community was just a really invaluable way to start Reddit.
Alexis OhanianIt turns out the Internet is this amazing resource for everyone who has access to it.
Alexis OhanianIf you imagine Maslow's hierarchy of needs, if you can get all those requirements checked off and have all those amazing things that we need to just live lives, but actually get to do the thing that you're really passionate about.
Alexis OhanianThe goal shouldn't be to be the next Silicon Valley (there'll always only be one of those) - it's to be your own startup community.
Alexis OhanianI actually haven't even found a curriculum in America that is really preparing people for this 21st century world.
Alexis OhanianNot everyone is going to end up being a founder of a company, but the skill of being entrepreneurial, having ideas and going through with them - that skill is so important. Everyone should be imbued with it. Because once you have that, once your brain has been wired for that, all these problems, obstacles, all these things start looking like things you can hack.
Alexis Ohanian