Highest Rated Comments


samaltman816 karma

reddit has more than $50MM in the bank, which will last many many years.

At some point the business needs to be profitable. Monetizing AMAs does not seem like the right way to do it to me, but again, Steve's call. Ads will work but it'd be great to figure out something better that actually makes reddit better.

samaltman770 karma

I honestly know almost nothing about that situation, sorry.

EDIT: Obviously I know about what happened when she left. I mean that I don't know about any future plans.

samaltman677 karma

The previous CEO resigned on the spot. Ellen said she would do the interim work, and I am very thankful she did. She walked into an incredibly difficult situation and move the ball a good bit down the field for reddit.

She made some mistakes, for sure, but I think she did remarkably well in a very tough situation. And Steve is happy to be taking the baton for her here.

samaltman664 karma

Well, I wrote it, so thanks for the complement I guess.

My style is generally just say what's going on and to do it before the lawyers and PR people can slow my roll.

samaltman615 karma

Most board members? Very little that's helpful :) You could ask Ellen if I've been a good one--I hope so!

Your job as a board member is to hire and fire the CEO, approve the annual financial plan, and help the executive team set the strategic direction.

Bad members don't do a good job of those things. Very bad board members try to do the CEO's job.