Steve Huffman is the co-founder of Reddit along with Alexis Ohanian (his college roommate). He started programming/coding at the age of 8. His net worth as of 2024 is about $50 million.
Read ahead to learn more about Steve Huffman’s net worth, personal life, education, early life, and more.
Steve Huffman – Biography
| Name | Steve Huffman |
|---|---|
| DOB | November 12, 1983 |
| Nationality | American |
| Occupation | Co-founder and CEO of Reddit |
| Net Worth | $50 million (2024) |
| Spouse | Katie Babiarz (ex) |
Steve Huffman – Early Life and Education
Steve Huffman – Reddit
Steve Huffman – Net Neutrality Activism
Steve Huffman – Personal life
Steve Huffman – Controversy
Steve Huffman – Early Life and Education
Steve Huffman was born on the 12th of November, 1983. His childhood was spent growing up in Warrenton, Virginia. Just at the age of 8, he began programming computers. In 2001, he graduated from Wakefield School in The Plains, Virginia. He graduated in 2005 from the University of Virginia (UVA), where he studied computer science.
Steve Huffman – Reddit
Huffman and Alexis Ohanian (his college roommate) drove to Boston, Massachusetts, during their spring break to attend a lecture delivered by programmer-entrepreneur Paul Graham. They talked with Graham after the lecture. And he invited them to apply to his startup incubator, Y Combinator. Huffman came up with an original idea, My Mobile Menu. The app allowed users to order food by SMS. Although the idea was rejected, Graham asked Huffman and Ohanian to meet him in Boston to pitch another idea for a startup. At that brainstorming session the idea that came up, Graham called the “front page of the Internet”. Huffman and Ohanian got accepted into Y Combinator’s first class. Huffman coded the entire site in Lisp. Finally, he and Ohanian launched Reddit in June 2005 which was funded by Y Combinator.
The site’s audience grew rapidly within its first few months. By August 2005, Huffman noticed their habitual user base had grown large enough, that he no longer needed to fill the front page with content himself. At the age of 23, Huffman and Ohanian sold Reddit to Condé Nast, for a reported $10 million to $20 million on October 31, 2006. Huffman remained with Reddit until 2009, after which he left his role as acting CEO.
Before co-creating the travel website Hipmunk with Adam Goldstein Huffman had spent several months in Costa Rica which was also funded by Y Combinator. He was an author and software developer, in 2010. Hipmunk was launched in August 2010 with Huffman serving as CTO. In 2011, Inc. named Huffman under its 30 list.
Huffman admitted that his decision to sell Reddit had been a mistake. And that the site’s growth had exceeded his expectations, in 2014. On July 10, 2015, Reddit hired Huffman as CEO again, following the resignation of Ellen Pao. It was a particularly difficult time for the company. After rejoining the company, Huffman’s main goals were to launch Reddit’s iOS and Android apps, to fix Reddit’s mobile website, and to create A/B testing infrastructure.
After returning to Reddit, Huffman instituted several technological improvements including a better mobile experience and stronger infrastructure, as well as new content guidelines. These included:
- a ban on content that incites violence
- quarantining some material users might find offensive, and
- removing communities “that exist solely to … make Reddit worse for everyone else”- said by Huffman
Shortly after returning, Huffman wrote that
“neither Alexis nor I created reddit to be a bastion of free speech, but rather as a place where open and honest discussion can happen.”
Ohanian had used the same term in an interview in 2012 to describe Reddit, as noted by The New Yorker and The Verge.
Reddit launched its IPO in March 2024. Its IPO was one of the most highly anticipated of 2024, and it certainly lived up to expectations. On March 20, Reddit priced its shares at $34, hitting the top end of its projected range of $31 to $34.
Nitin Konde
Huffman had worked hard to make the site more advertiser-friendly. He also led efforts to host videos and images on the site. Beginning of 2017, Huffman led the redesign of Reddit’s website with its first major visual update in a decade. Huffman had said the site looked like a “Dystopian Craigslist” whose obsolete presence deterred new users. In April 2018, the Development of the new site took more than a year, and the redesign was launched.
Steve Huffman – Net Neutrality Activism
Steve is an advocate for net neutrality. He had told The New York Times that without net neutrality protections, “you give internet service providers the ability to choose winners and losers”, in 2017. Huffman urged Redditors to express support for net neutrality and to contact their elected representatives in Washington, D.C. Steve Huffman said that the repeal of net neutrality rules stifles competition. He had said that he along with Reddit would continue to advocate for net neutrality.
Archana Karthikeyan
Steve Huffman – Personal life
Steve Huffman lives in San Francisco, California. He mentors aspiring programmers at coding boot camps such as Hackbright Academy. Huffman was also an instructor for e-learning courses on web development by Udacity. Along with that he is on the board of advisors for the Anti-Defamation League’s Center for Technology and Society.
Astonishingly, Huffman is a ballroom dancer. At the UVA, Huffman used to compete in intercollegiate competitions.
Steve Huffman – Controversy
- After Reddit filed for its IPO in February 2024, it was revealed that CEO Steve Huffman received a total compensation of $193 million in 2023, which sparked discontent among some Reddit users. Many criticized the payout, calling it excessively large.
In response, Huffman addressed the concerns during a Q&A session on Reddit, explaining that his compensation is a combination of salary and stock, and is directly linked to his performance as CEO. - Huffman was the subject of controversy in late 2016 for altering posts on a common subreddit with Donald Trump supporters, The Donald. Following criticism from Reddit users, issued an apology and he undid the change.
- A while ago, TikTok gained a lot of popularity and not particularly in a good way! To this, the co-founder of Reddit thinks TikTok is “fundamentally parasitic“.
- He comments in front of a large group of Silicon Valley investors and entrepreneurs at the Social 2030 conference by Lightspeed Venture Partners and Lessin’s VC firm Slow Ventures,
Maybe I’m going to regret this, but I can’t even get to that level of thinking with them. I look at that app as so fundamentally parasitic. It is always listening and the fingerprinting technology they use is truly terrifying. I could not bring myself to install an app like that on my phone. I actively tell people not to install that spyware.
FAQs
Who is Steve Huffman spouse?
Steve Huffman was married to Katie Babiarz in 2009 but they have since divorced.
What is Steve Huffman net worth?
The net worth of Steve Huffman is $50 Million as of 2024.
When was Reddit founded?
Reddit was founded in 2005.
What is Steve Huffman age?
Steve Huffman is 41 years (1983) of age.
