Agreed. People keep saying that investors can be bamboozled by numbers of any kind, because they are not familiar with Reddit, because they don’t understand the technology, etc etc, but investors do know how to read, and a lot of them also know how to read the room. They might be rich scumbags who don’t understand the internet, but I am willing to bet that a lot of people who might be interested in buying Reddit understand people, and therefore, understand that you can’t run a business that defines itself as an online community when you have pissed off a whole lot of the people who make up that community.
Agreed. People keep saying that investors can be bamboozled by numbers of any kind, because they are not familiar with Reddit, because they don’t understand the technology, etc etc, but investors do know how to read, and a lot of them also know how to read the room. They might be rich scumbags who don’t understand the internet, but I am willing to bet that a lot of people who might be interested in buying Reddit understand people, and therefore, understand that you can’t run a business that defines itself as an online community when you have pissed off a whole lot of the people who make up that community.