June 8, 2020

To diversify Reddit’s board, a cofounder is stepping down

Score one for Serena Williams’ husband.

Photo by Dia Dipasupil/FilmMagic

There are 2 kinds of people in the world: Those who know Alexis Ohanian as Serena Williams’ husband and those who know him as one of Reddit’s 3 cofounders.

On Friday, after 15 years, Ohanian announced he was leaving the Reddit board — and he asked that a black executive take his place. Reddit’s CEO Steve Huffman agreed to the plan.

Reddit is getting serious

Ohanian hasn’t been active in the day-to-day of Reddit since 2018, but his decision is a big step: Instead of just talking about diversifying the company’s all-white board, he’s actually doing it.

“I believe resignation can actually be an act of leadership from people in power right now,” he wrote in a blog post.

Not only that, but Ohanian committed all of his future Reddit stock gains — possibly as much as $50m, according to TechCrunch — to “serve the black community.” 

His first step: A $1m donation to Colin Kaepernick’s Know Your Rights Camp. 

Daily briefings, straight to your inbox

Business and tech news in 5 minutes or less

Join over 1 million people who read The Hustle

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.