Venture Capital: Reddit Co-founder Ohanian “@Initializes” Billboards in Times Square
Ohanian exhorted people to stay at home to halt the spread of the virus.
On Saturday, passersby in New York’s Times Square may have been bemused to see a billboard saying “Staying home means saving lives,” with the hashtag “#FlattenTheCurve” at the bottom. Said billboard was purchased by Reddit co-founder Alexis Ohanian to slow down the spread of the virus. (Forbes)
Slowing the spread of the pandemic
Speaking to Forbes Ohanian said the idea struck him on Thursday. He realized it would be a good way to get the message across to people not yet taking the coronavirus outbreak seriously.
However, “#FlattenTheCurve” refers to a healthcare term about slowing down the spread of a pandemic to better manage the number of illnesses.
— Alexis Ohanian Sr. 🚀 (@alexisohanian) March 15, 2020
According to Forbes, Ohanian purchased the Billboard using ADQuick, a digital outdoor advertising start-up. Ohanian’s venture capital firm Initialized Capital has invested in AdQuick.
“It was a deliberate approach to think what is one of the densest populations of people in the U.S. and on a normal day that would be Times Square,” Ohanian told Forbes. “And then you have this cultural prominence. The sort of meme of it is here is a billboard in Times Square about flattening the curve, just preventative measures to defeat COVID-19.”
Ohanian’s family is walking his talk
Ohanian married Serena Williams, the 23-time Grand Slam singles champion. Many consider her to be the greatest female tennis player of all time.
The couple has a 2-year-old daughter.
Williams said she plans to focus on “Being a wife. Being a mom. Cooking. Cleaning. Spring cleaning. Face mask. Makeup tutorials. I’ll let you know how it goes…. stay safe everyone.”
Latest Alternative Investment News
As companies become more undervalued as the economy slows because of shutdown orders across the United States, I expect that the pace of activist activity to increase. We should see…
KKR & Co (NYSE: KKR) has shelved a plan to sell Singapore-based Goodpack, a Singapore based shipping containers, and logistics services. They had bids for the company that was said…
Kyash, a Japanese fintech startup aspiring to be a leading challenger bank, gained $45 million in a Series C funding. The round was co-led by Greenspring Associates and Goodwater Capital,…
Investors set up a record-breaking first quarter this year for inflows into U.S. money market funds. These funds gained from the massive risk-off sentiment that prevailed as investors realized the…