In this episode of Founder Stories with host Chris Dixon, Reddit Founder, Alexis Ohanian takes Dixon back to his college days at the University of Virginia where he and co-founder Steve Huffman bonded over video games and began plotting ways to avoid taking a real job after graduation.

Not wanting to be holed-up in a cubicle for 50 years, they submitted an idea to Y Combinator, the idea got rejected, they got accepted, and together began building around the concept of “people deliberately trying to find and share new and interesting stuff online” says Ohanian.

Joking about “competitive analysis” Ohanian tells Dixon he wasn’t even familiar with Digg until “about a week or two after we had launched” and says interestingly enough, “it was this classic example of alright, you’ve launched, it turns out there is someone else who is in your space, who has already got a significant advantage, and you know, that is not time to quit, that is just time to keep doing what you are doing.”

The boys kept on doing, and did quite well. Less than two years after launching they sold Reddit to Conde Nast and Ohanian says Reddit is currently tallying “1.3-billion page views per month.”

Make sure to watch the full episode for additional insights.

In the below interview, Ohanian offers thoughts on the future of Reddit from his vantage point as a consultant and tells Dixon how Reddit makes money.

Past episodes of Founder Stories with such leaders as Fred Wilson, Perry Chen and Lauren Leto are here.