"One of my favorite worst pieces of business advice was given to me by Paul Graham,"
"I made a lot of mistakes as a first-time CEO, but disregarding that advice was definitely one of the things I got right,"
"Paul was enamored with this idea of like what is going to replace The New York Times when the front page needs to be more than just what one editorial board, what one publication, can decide,"
Alexis Ohanian left plans for law school and pursued entrepreneurship after graduating from the University of Virginia. He and roommate Steve Huffman joined Y Combinator with a mobile food-ordering app called My Mobile Menu. Y Combinator rejected that idea and encouraged a pivot toward a social news aggregation inspired by Delicious and Slashdot. Paul Graham criticized Reddit's name and urged removing the orange-eyed mascot Snoo. Ohanian ignored that advice and kept the name and mascot. Y Combinator provided a $12,000 grant. The pivot and persistence led to Reddit's rapid growth and multibillion-dollar success.
Read at Fortune
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