Opportunity

Reddit's Alexis Ohanian on How to Learn the Market for Your New Business

Entrepreneur Staff
Staff Writer. Covers leadership, media, technology and culture.
6 min read

Like many entrepreneurs, Reddit co-founder Alexis Ohanian has had plenty of experience learning on the job. At the Entrepreneur360 Conference in New York, Ohanian explained that each of his ventures has required a different perspective. Reddit, for example, sprung from simply wanting to finding the best news every day.

But before Reddit, while he and Reddit CEO Steve Huffman were still in school at the University of Virginia, the duo developed an app called My Mobile Menu, or MMM, that would allow people to order food from their phones and avoid annoying lines. Sensing a demand but not versed with the food industry, Ohanian says that he learned about the market by asking every restaurant owner in their college town how they did their online delivery.

A few years after the start of Reddit, Ohanian helped launch Hipmunk, a travel planning site. Ohanian said in this regard, he had somewhat of an advantage, having watched his father start his own travel agency during the tech boom.

For more from Ohanian on how he learned the market for each business, check out the video above.

Related: Reddit Co-Founder Alexis Ohanian: Building a Business Mostly Isn't Fun

More from Entrepreneur

Learn to be a better leader and develop successful marketing and branding strategies with Dr. Patti Fletcher's help.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.