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Comment by downer | Hacker News Reader

The price isn't the only thing that's high.

 Bill: Dude, are we better than Reddit?
  Ted: Like, yeah, man, totally.
 Bill: Dude, like how much better?
  Ted: Like a hundred times, bro!
 Bill: Then we should like sell it for... like... a hundred times as much!
  Ted: Whoah, do you have any idea how much weed that would buy?
 [They look at each other]

 Wyld Stallyns!

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Reddit got 18 million.

Bill and Ted can't do math.

I thought the terms were confidential. They really got 18?!? Now I am trying to decide if that really pisses me off to no end or not!

I thought I read it somewhere, I'm not sure though.

I was under the impression it was closer to 10-12mm.

Now I love Reddit, but I do think the Reddit guys made out like bandits. It will be a while before Conde Nast recoups their investment, especially if the site continues to stagnate.

Stagnate? :-(

Have you seen this chart? http://reddit.blogspot.com/2007/11/website-needs-traffic-emp...

Conde Nast purchased Reddit to take their engine mainsteam, as there are more people interested in fashion and gossip then electronics and programming.

CNs mainstrean reddit, lipstick.com, is stagnating, and has hardly any activity.

Check out sugarloving.com for a decent, mainsteam-content social news site (that does a lot better than lipstick.com)

Both sites, however, miss how visual such interests are.

If Tara Reid falls over drunk again, then you better have a picture of her falling over drunk. Galliano's new collection is better described by images than a paragraph of text.

Wow, I looked at sugarloving, and my eyes immediately glazed over.

Booo-ring!

I have also always wondered about social slashdots. Especially, I mean - women, they love to talk, right? So how come the only obsessive online-communities appear to be dominated by males? It doesn't make sense.

While we're generalizing women do seem to like to talk to each other and they seem to exchange all sorts of information and experiences that way. But have you ever noticed that they also look at each other when they are talking, I think women like to actually exchange a lot more through non-verbal cues. Perhaps that's not true of men.

Also, perhaps for women it is more a tool of trading, maybe they don't like to broadcast to the world. Rather, they like to be able to be picky in chosing people they relay information to.

Just guessing (stereotypes)...

kn0thing -- when do we get tags, working search, and good recommendations? :-/

Fortunately these things aren't crucial to having a good time on a social news site.

nobody knows, it was never reported. if somebody told you they know, they don't.

I heard they got around 200m...

I heard they gave it away for a couple parties with free beer.

omg kn0thing how did you find that out! ;)

No way, dude...

If they got THAT much, they'd probably just sit around all day and spend all their time on reddit... ;-)

(or news.yc...)

The network effect of 10x more users may justify 100x the price.

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