Yesterday the internet was abuzz with the news that Reddit has been acquired by Conde Nast/Wired. Reddit, one of the original batch of Y Combinator founders, took less than $100,000 in funding. Acquisition talks began when the team worked with Conde Nast to create a version of Reddit dedicated to celebrity news, called lipstick.com.
After the announcement, two of the founders, Steve and Alexis, were interviewed on TalkCrunch.
How big was the deal? The Reddits won't (can't) say, despite the fact that people really want them to know. Founder Aaron Swartz did post a blog entry in which he says, "I logged into my bank account this morning and saw more digits in my balance than I've ever seen before."
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