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Leading Investor

Alexis Ohanian

Alexis Ohanian is a co-founder and leading investor at Angel City. Ohanian was born in Brooklyn, N.Y. and grew up in the suburbs of Baltimore, M.D. Out of college, Ohanian co-founded Reddit, one of the largest websites in the U.S., which was funded by Y Combinator in 2005 and sold to Conde Nast in 2006. He returned as executive chairman in 2014 to help lead the turnaround of the now-independent company that today is valued at over $10B. In 2016, he left Reddit to run the venture capital firm he co-founded, Initialized Capital, and built it to $100B in market value through early investments in companies like Coinbase, Opendoor, Instacart, Patreon, and Ro. In 2020, in response to the murder of George Floyd, Ohanian resigned from the Reddit board, asking to be replaced by a black candidate. He also left his role at Initialized Capital to found Seven Seven Six, a new venture capital firm built like a technology company. Since launch, Seven Seven Six has quickly grown its total assets under management to over $750M and has been at the forefront of emerging technologies and trends, leading competitive investments in software, crypto, healthtech, food tech, climate tech, space tech, and elsewhere.

He wrote the national bestselling book Without Their Permission and hosts the Business Dad podcast, where he interviews other fathers about what it means to be a dad in today’s world and how they balance their careers and families. He has been a vocal advocate for the open internet, STEM education, and paid family leave. Ohanian has a B.A. in History and a B.S. in Commerce from the University of Virginia.