Thanks for this link, as it helps to explain what their original idea was. Also, When PG said he wanted them to come up with a new idea, it goes to show that the people behind the idea were more important than the idea itself.
Ah, I was wondering what Playstation had to do with this.
Despite my recent work with Sony, this was not, in fact a product placement :)
pg: so I guess this was a case of "smart person, bad idea" http://paulgraham.com/bronze.html ... but on the face if it, the idea seems like a pretty good one to me.
You'll have to ask PG & co. for specific reasons, but among the ones I remember being told, having to deal with slow and tyrannical phone carriers and/or with restaurants, which tend to be far from cutting edge when it comes to picking up new tech, even something apparently so straightforward and revenue generating.
For a video version, check out Alexis' talk at Startup Bootcamp.
I wonder how big a role it played that they had the nerve to ask PG out for a drink. I know it's not a sufficient condition for success, but it definitely demonstrates the type of personality you want to see in a founder.
I'd like to think it made a difference, but you'll have to ask PG.
man talk about a cliff hanger...took them 2 months to come out with the 2nd part of the story...I forgot all about this.
Sorry! I got a bit distracted.
how much money did reddit make the founders?
Enough that they don't have to worry about working for a while.
We've never discussed that publicly. That said, I did just retire to a private island I bought, where I'm writing this comment on a gold-plated keyboard.