reddit gold worked fine to cover infrastructure and administration costs.
of course it all went to hell when they went from a small dedicated team to a startup raising millions to add hundreds of employees doing god knows what
Was it though? I thought reddit was the standard VC money pit and never really had a profitable quarter under gold. Did they ever release numbers showing their cost vs gold revenue?
Infrastructure costs were covered by reddit gold. This was displayed on each community, some accrued years worth of server time.
Instead of organic stuff like the first IAMA's what that "manpower got you were promotional flybys by actors releasing a new movie or book or something, who didn't even understand what they were doing.
of course it all went to hell when they went from a small dedicated team to a startup raising millions to add hundreds of employees doing god knows what