logo
episode-header-image
Oct 2019
34m 2s

20VC: Reddit CEO Steve Huffman on Scalin...

Harry Stebbings
About this episode

Steve Huffman is the Co-Founder & CEO @ Reddit, home to thousands of communities, endless conversation, and authentic human connection. To date, Reddit has raised over $550m in funding from some of the world's leading investors including Sequoia Capital, Marc Andreesen, Peter Thiel, Ron Conway, Sam Altman, Josh Kushner, Alfred Lin and Tencent, just to name a few. Steve started his career at Y Combinator as one of their first alumni back in 2005. At YC, Steve co-founded Reddit with Alexis Ohanian, which they sold in 2006 to Conde Naste Publications. In 2010, Steve co-founded Hipmunk, making business travel seamless and easy. Then in 2015, Steve re-joined Reddit as their CEO.

In Today’s Episode You Will Learn:

1.) How Steve made his way into the world of startups and came to be one of the very first ever entrants in the now hailed Y Combinator? How did that lead to the founding of Reddit? Why did Steve return to Reddit, the company he founded, in 2015?

2.) What were Steve's biggest lessons from his journey with Hipmunk when it came to product feedback and iteration? How does Steve assess people's reliance on data today to drive product decisions? Why does he believe 3 criteria must be considered? What are the other two? What time did Steve see the confidence of his own intuition really increase?

3.) How does Steve think about stress management today? What was he like when he was younger in his relationship to stress? What did he actively do to change his relationship to stress? How has Steve seen himself change and develop as a CEO? What have been the inflection points? What has he struggled and also made mistakes in the journey?

4.) What have been Steve's biggest lessons when it comes to hiring truly A* talent at scale? What are the commonalities in the very best hires Steve has made? In the cases of it not working, what does Steve advise founders on the right way to let someone go? How does one do it with efficiency and compassion?

5.) Why does Steve believe that in dense cities, self-driving cars will not be that useful? How does Steve envisage the future of consumer transportation? What does he believe are the alternatives to self-driving cars? How does Steve see the future for the unbundling of social networks? Will they be unbundled into specific communities? How will this look?

Items Mentioned In Today’s Show:

Steve’s Fave Book: Shogun: The First Novel of the Asian saga: A Novel of Japan

As always you can follow Harry and The Twenty Minute VC on Twitter here!

Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Up next
Yesterday
20VC: Do Margins Matter in AI? | Is Defensibility Gone For Good? | Is Vertical SaaS Dead in a World of AI | What SaaS Rules Are BS and No Longer Apply in a World of AI | The Future of Venture: Why Chanel vs Walmart is BS with Byron Deeter
Byron Deeter is a Partner at Bessemer Venture Partners, and one of the most renowned SaaS investors. Byron has led 19 unicorn investments, including IPO successes like ServiceTitan, Procore, Twilio, Box, Gainsight, Intercom, DocuSign, SendGrid. His portfolio includes eight compan ... Show More
1h 21m
Aug 21
20VC: Databricks at $100BN | Chamath’s SPAC Revival: Peak Mania? | OpenAI Staff Cash Out Billions & Sam Altman Will Spend Trillions | CoreWeave’s $11B Debt Bet & Nubank’s $2.5B Profit Shocker
Agenda: 00:00 – Databricks hits $100B: Bubble or just the beginning? 03:15 – Is Databricks actually undervalued at 25x revenue? 07:40 – Are we on the verge of the biggest IPO wave ever? 11:30 – Can Andreessen’s Databricks bet return $30B+? 18:10 – Who really gets rich when mega-u ... Show More
1h 27m
Aug 18
20VC: Lovable CEO Anton Osika on $120M in ARR in 7 Months | The Honest Truth About Defensibility and Unit Economics for AI Startups | The State of Foundation Models: Long Grok, Short OpenAI, Why | Replit vs Lovable vs Bolt: What Happens
Anton Osika is the Co-Founder and CEO @ Lovable, the fastest growing company on the planet. In just 7 months, they have scaled from $0 to $120M in ARR. They have raised over $200M in funding from some of the best including Accel, Creandum and 20VC. Their latest round priced the c ... Show More
1h 8m
Recommended Episodes
Jan 2021
459: Steve Madden | How a Cobbler Disrupted an Industry
Steve Madden (@stevenmadden) is a fashion designer and businessman, and author of The Cobbler: How I Disrupted an Industry, Fell From Grace, and Came Back Stronger Than Ever. What We Discuss with Steve Madden: How growing up as a half-Jewish, half-Irish outsider gave Steve a uniq ... Show More
59m 55s
May 2024
#349 How Steve Jobs Kept Things Simple
What I learned from reading Insanely Simple: The Obsession That Drives Apple's Success by Ken Segall. ----Come build relationships at the Founders Conference on July 29th-July 31st in Scotts Valley, California----Learning from history is a form of leverage. —Charlie Munger. Found ... Show More
52m 29s
Jun 2019
EXPERTS ON EXPERT: Steve Madden
Steve Madden is an American fashion designer and businessman. Steve sits down with the Armchair Expert to discuss feeling different from an early age, his experience going to prison and the surreality to watching his life on the big screen. Dax is excited to learn Steve is sober ... Show More
1h 26m
Jun 2018
262: Keith Yamashita - The Keys To Great Execution (Oprah, Starbucks, Steve Jobs)
The Learning Leader Show With Ryan Hawk #262: Keith Yamashita - The Keys To Great Execution (Oprah, Starbucks, Steve Jobs) Keith Yamashita  has led SYPartners for the past two decades, a practice that collaborates with CEOs and their leadership teams to build great companies and ... Show More
58m 26s
Jul 2023
E201 - Steve Hare: Remaining calm through chaos with the UK's highest rated CEO
This is the first episode of our Leadership Series, sponsored by PwC, in which we will be diving deep into what it really takes to be a CEO. Steve Hare is a businessman and CEO of Sage Group PLC, the leader in accounting, financial, HR and payroll tech for small and mid-sized bus ... Show More
58m 55s
Feb 2023
Steve Case: Democratizing Entrepreneurship
Steve Case (founder of AOL and author of The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream) is on Guy Kawasaki's podcast and has some great insight into entrepreneurship and startups. If you have not heard it yet, it is a must-listen ... Show More
1h 4m
Apr 2022
#590: Tony Fadell of iPod, iPhone, and Nest Fame — Stories of Steve Jobs on “Vacation,” Product Design and Team Building, Good Assholes vs. Bad Assholes, Investing in Trends Before They Become Trends,
Brought to you by LinkedIn Marketing Solutions marketing platform with ~770M users, LMNT electrolyte supplement, and Eight Sleep’s Pod Pro Cover sleeping solution for dynamic cooling and heating. More on all three below.Tony Fadell (@tfadell) is an active investor and entrepreneu ... Show More
1h 52m
Dec 2022
#281 Working with Steve Jobs
What I learned from rereading Creative Selection: Inside Apple's Design Process During the Golden Age of Steve Jobs by Ken Kocienda.----Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com----Follow one of my favorite podcasts Invest Like The Best   ... Show More
41m 9s
Jan 2019
Steve Romick - Value Investing Is, To Us, Simply Investing With A Margin Of Safety, Believing That You've Made An Investment Where It's Hard To Lose Money Over Time | #136
In episode 136, we welcome Steve Romick. The conversation begins with Steve explaining that he hated losing more than he enjoyed winning, and while there wasn’t one event that led him to value investing, he considers his aversion to loss a contributor to being drawn to the value- ... Show More
1h 3m
Mar 2022
#235 Steve Jobs (The Pixar Story)
What I learned from reading To Pixar And Beyond: My Unlikely Journey with Steve Jobs to Make Entertainment History by Lawrence Levy.----Come see a live show with me and Patrick O'Shaughnessy from Invest Like The Best on October 19th in New York City. Get your tickets here! ----Su ... Show More
1h 18m