I guess they don't have enough cash in the bank to keep investing half a million...

pclark · on March 16, 2009

I read it that they wanted to expand their operations, rather than they were running out of money.

jwilliams · on March 16, 2009

If it is a cash/deal flow thing then the same principle swombat mentioned applies.

colins_pride · on March 16, 2009

How much did they rake in from reddit?

gommm · on March 16, 2009

Let's see, if I remember well they invested about 80 000$ in reddit (there was a second investment from YC if I'm not mistaken). So from this, they maybe took 10-15%. Reddit sold for about 12 million dollars, so that would mean about 1.2-1.8 million: 2-3 years of yc investment.

Of course those numbers are pure speculation and it wouldn't suprise me if I'm completely mistaken...