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Isn’t it misleading to say Reddit is backed by YC now?

> reddit has had a long and complex history, starting as one of the first Y Combinator companies, then as a division of Conde Nast, and three years ago spun out as an independent entity.

Then they raised 50M in 2014.

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If that's the case then it should be considered misleading to note that they were a division of Conde Nast.

But it's not. It's a historical fact that all three of those things happened, and some people might not know how Reddit got to where they are.

Not really. YC is usually a minority shareholder, even for newer companies.

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