Alexis Ohanian
VCFounder & General Partner, Seven Seven Six
Reddit co-founder turned early-stage VC
Background
Alexis Ohanian co-founded Reddit in 2005 and later co-founded Initialized Capital in 2010, making seed investments in Instacart, Opendoor, and Cruise. In 2021, he founded Seven Seven Six (776), an early-stage venture capital firm with over $1.3B AUM and a proprietary operating system called Cerebro. The firm focuses on pre-seed to Series A investments in consumer, crypto, fintech, and enterprise technology. Ohanian is known for his thesis around community as a product moat and was an early and prominent backer of women's sports as an undervalued asset class. Seven Seven Six has backed 15 unicorns including Sorare, Ro, and Yuga Labs.
Investment Thesis
Community as a product moat; early consumer and crypto bets; women's sports as an undervalued asset class.
Investment Focus
Stages
Typical check: $500K–$5M
Sectors
Based in: USA (global opportunistic) (North America)
Notable Investments
Sorare
Fantasy sports NFT platform
Ro
Digital health platform
Yuga Labs
Creator of Bored Ape Yacht Club
Instacart
Via Initialized Capital, pre-776; IPO 2023
Opendoor
Via Initialized Capital, pre-776
Pipe
Revenue-based financing platform; 776 investment
Coinbase
Via Initialized Capital; IPO 2021
Patreon
Creator membership platform; Initialized-era investment