Jared Leto Is Now An Investor In Reddit

Posted: Oct 1 2014, 8:14am CDT | by , in Latest Business News


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Jared Leto is Now an Investor in Reddit
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Reddit raised a $50 million round of investment, besides several Silicon valley types two names stick out. Actor and singer Jared Leto and rapper Snoop Dogg.

Reddit was in the mainstream media quite often over the last weeks because it is one of the sites the leaked private celebrity photos have been shared. Now Reddit announced to have raised a $50 million series B financing. The lead investor is Sam Altman, with participation from Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz.

Other investors participating in this Reddit investment round include Peter Thiel, Ron Conway, Paul Buchheit, Jared Leto, Jessica Livingston, Kevin and Julia Hartz, Mariam Naficy, Josh Kushner, Snoop Dogg, and Yishan Wong.

So why is Jared Leto and Snoop Dogg investing in Reddit? I have no idea. Reddit is trying something new with the investment. The new investors will give back 10% of their shares to the Reddit community. The details on how this will be done are not clear yet.

Via Reddit.

Jared Leto is right now touring with his band Thirty Seconds To Mars.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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