Mo Money Mo Problems

The Average Venture-Backed Startup CEO Makes Approximately One Bajillion Dollars More Than You

(Photo: thedrop.fm)

Looks like CEOs of venture-backed startups–particularly those in the B2B arena–really know how to lean in. Nick Tomaino, an associate at North American Capital, published a post today exploring the average salaries for the executive teams at NAC’s portfolio companies. (It promptly hit the front page of Hacker News.) As it turns out, leaders at “expansion stage” venture-backed startups–or at least those backed by NAC–are sitting pretty atop a mile-high mountain of dough. Read More

Planet Reddit

President Obama Does Reddit AMA, Reddit Promptly Goes Into Read-Only Mode Due to Heavy Traffic

He even uploaded this pic to Imgur like a real Redditor would. (Photo: Imgur)

A little over 20 minutes ago, President Obama announced that he would be doing an AMA on Reddit, and the Internet promptly imploded. Within minutes of the announcement, it was confirmed by both Reddit moderators and the New York Times. Ladies, geeks and lady geeks everywhere swooned at the photo of the President stationed at his Macbook prepared to address the Reddit masses, who will undoubtedly only ask questions about weed. Read More