139 days ago • Posted by William Ramstein
Reddit brings in CFO Drew Vollero, readies public listing.
Startup companies often times bring in experienced CFOs who have been through an IPO before to prepare the company's accounting team and infrastructure. Reddit, which was founded in 2005, last month said it raised $250 million and doubled its valuation to $6 billion in a late-stage funding round led by venture-capital firm Vy Capital. The company, which was previously valued at $3 billion, also counts venture firm Andreessen Horowitz and Tencent Holdings Ltd. among its investors.