Founder of Seven Seven Six; Co-Founder of Reddit; lead founding investor in the professional women’s soccer team Angel City FC; outspoken advocate for paid family leave
Alexis Ohanian is amplifying women’s sports for what it is, “damn good business.” As co-founder and lead investor in Angel City FC, he issued a call-to-action for society to follow his lead and invest in women’s sports, confidently challenging all to “check the receipts in a decade.” A visionary entrepreneur, he invests in the future of girls and women through sports, venture capital and family leave advocacy. For his unwavering commitment to level the playing field – on the pitch, in the boardroom and in the halls of Congress – and inspiring a whole new generation of male leaders to become allies and take the smart bet on women, he is the 2022 Champion for Equality Award recipient.
Ohanian was born in Brooklyn, N.Y. and grew up in the suburbs of Baltimore, M.D. He is an entrepreneur and investor widely known for knocking his business deals out of the park. He co-founded Reddit, one of the largest websites in the United States, which was funded by Y Combinator in 2005 and sold to Conde Nast in 2006. He returned as executive chairman in 2014 to help lead the turnaround of the now independent company that today is valued at over $10B. In 2016, he left Reddit to run the venture capital firm he co-founded, Initialized Capital, and built it to $100B in market value through early investments in companies like Coinbase, Opendoor, Instacart, Patreon, and Ro.
He is a husband and has become one of the most recognized ‘girl dads’ – roles that encourage him to use his entrepreneurial skills to build a better world for all. After the murder of George Floyd, he considered a future conversation he’d have with his daughter, Olympia, about what he did to create a more equitable world online and offline for her. He resigned from the board of Reddit in June of 2020 in protest – relieved that Reddit fulfilled his wish to have his seat filled by a Black director and started taking steps to curb hate on the platform.
In 2020, Ohanian also left Initialized Capital to launch Seven Seven Six, a firm built like a technology company that deploys venture capital. Since its inception, Seven Seven Six has already grown to oversee $769 million AUM. Fast forward to this year, he has officially launched the 776 Foundation to support marginalized individuals and announced a $20M commitment to climate action through his new 776 Fellowship Program.
His advocacy on behalf of paid family leave demonstrates that his commitment to gender equity goes beyond women’s sports. Ohanian has lobbied for federal legislation that mandates quality paid family leave for all – birth parents, adoptive parents, and caregivers. As he penned in a 2019 New York Times opinion article, “All people deserve fulfilling work and close family ties.” He is especially focused on normalizing paternal paid time off, challenging a generation of dads to take the full opportunity if they get the chance. It’s an issue he dives into on his podcast, “Business Dad,” where he interviews other fathers about what it means to be a dad in today’s world and how they balance their careers and families.
Whether he is catching an Angel City home game at Banc of California Stadium or advocating for change on Capitol Hill, this savvy start-up investor strives to devote his time and skills to build a more equitable world, not only for women in sports but for families and the communities they live in.