This is honestly a great question, but much more the answers that the community have given.
I read almost all the comments (took me like 1 hour). I've been working on a startup for 3 years, learning from the failures and success, I've read couple of books, talk to a lot of people about startups, etc, however something that always will surprise me is that the community is the one that really has the knowledge and savvy.
This is interesting, however I was wondering if it is a topic for HN?
"Off-Topic: Most stories about politics, or crime, or sports, unless they're evidence of some interesting new phenomenon. Videos of pratfalls or disasters, or cute animal pictures. If they'd cover it on TV news, it's probably off-topic."
I´ts interesting, however the idea of Reddit to allocate 10% of their shares back to the Reddit community for me it´s more than something "cool" as Sam Altman said, and beyond the "a new way to think about community ownership".
From another perspective, It´s just a good strategy to do your own IPO (go public) without the legal/bureaucratic way. It´s creating your own NY Stock Exchange with the idea to increase your value based on what your users are doing now (because it will be possible to buy, sell and trade between users).
So, beyond the message that it´s for “giving back to the community”, Is it more a clever strategy to increase the company value, and even more the stockholders value? or I´m incorrect?
I´ts interesting, however the idea of Reddit to allocate 10% of their shares back to the Reddit community for me it´s more than something "cool" as Sam Altman said, and beyond the "a new way to think about community ownership".
From another perspective, It´s just a good strategy to do your own IPO (go public) without the legal/bureaucratic way. It´s creating your own NY Stock Exchange with the idea to increase your value based on what your users are doing now (because it will be possible to buy, sell and trade between users).
So, beyond the message that it´s for “giving back to the community”, Is it more a clever strategy to increase the company value, and even more the stockholders value? or I´m incorrect?
I read almost all the comments (took me like 1 hour). I've been working on a startup for 3 years, learning from the failures and success, I've read couple of books, talk to a lot of people about startups, etc, however something that always will surprise me is that the community is the one that really has the knowledge and savvy.
Happy to be part of this community!