To Alexis Ohanian, Success Came After a Series of SetbacksAt the Entrepreneur Accelerate Your Business conference, the Reddit founder said entrepreneurs shouldn't be afraid to stumble.

ByRay Hennessey

Opinions expressed by Entrepreneur contributors are their own.

Francisco Aguilia | franciscoaguila.com

Alexis Ohanian could still be standing in line waiting for a sandwich.

Most entrepreneurial journeys aren't linear, but few zig-zagged as much as that ofOhanian, the founder of social siteReddit.

Reddit, the vast, influential social networking site, has its roots in something much different: a desire to not wait in line to pick up food.

Speaking atEntrepreneur'sAccelerate Your Business event in Miami last week, Ohanian recalled that he and his co-founder, Steve Huffman, applied to be part of the first class of accelerator Y Combinator with a company called My Mobile Menu, which was an order-ahead concept designed to work with the first generation of smartphones, like the Palm Treo.

"It was the letters 'MMM," he told the crowd. "Get it? Mmmmmmm."

Funny, but not enough of a business to impress Paul Graham, who was putting together Y Combinator. In words that seem out of place today, Ohanian was told a mobile-only strategy didn't have legs. (This was 2005, before the explosion of apps, after all.)

Ohanian霍夫曼登上一列火车从波士顿,where they had pitched the idea to Graham, back to their homes in Virginia. Along the way, the phone rang, and Graham told them if they could come up with a desktop idea, they could be in Y Combinator. They got off the train in Connecticut, turned around and came up with a whole new company.

'Snew.

"We named it so that if someone asked, 'What's 'Snew,' we would say, 'Exactly,'" he said.

Related:4 Reasons to Be Excited by the 'Internet of Things'

Before the company even had more than a rough plan, Ohanian himself drew the iconic robot that would become Reddit's mascot, had it printed on a T-shirt, and joined the accelerator, hoping to create a better way for people to get news and discuss it. Reddit would replace 'Snew as the name shortly thereafter. "We wanted people to say they read it on Reddit," Ohanian said.

The rest, of course, is entrepreneurial history. Ohanian sold Reddit to Conde Nast in 2006, and left three years later. He returned, working side by side again with Huffman, last year after a management shakeup. He is also an investor and advisor to about a hundred startups.

Ohanian said the rough start helped shape his philosophy. For one thing, he admits that he spent too much time on little things, "playing house" instead of managing a business. "I can remember spending a whole day designing business cards," he said. "For what?"

But he also learned that those mistakes were helpful in success down the line. "Sucking is the first step to being sorta good at something," Ohanian said, stealing a phrase from the cartoon showAdventure Time.

And people should cut themselves a break, he told the audience. Every experience is different in its own way. "When you're an entrepreneur, this isn't paint by numbers," Ohanian said.

Ohanian was one of two keynotes at theAccelerate Your Businessevent, which moves to Chicago on March 31 and is presented by Microsoft Corp. Jon Levy, a human-behavior and adventure expert, talked about influencing customer behavior and was joined by a surprise guest, retired NBA star Shane Battier.

Also speaking were small-business expertsCarol RothandGene Marks, as well as South Florida entrepreneursEllen Sovaof business consultancy Derflan and Greg Shugar, founder of fashion-bedding startupThread Experiment.

As for Ohanian, would he ever go back and try to revive MMM, even after the success of Reddit? "I'm actually an investor in a company that is trying to do that, so it might still happen," he said.

Ray Hennessey

Former Editorial Director at Entrepreneur Media

Ray Hennessey is the former editorial director of Entrepreneur.

Related Topics

Business News

This State Just Replaced New York as the Country's Second Most Valuable Housing Market

A recent report by Zillow found that Florida has edged out New York as the second most valuable housing market in the U.S., while California is still No. 1.

Buying / Investing in Business

Ampere Is Delivering the Biggest Innovation to Eyewear in 50 Years

You have the chance to join them as a shareholder as they take on this $160B market.

Business News

'Not Much Financial Education' — Yet Millennials Have Boomers and Gen X Beat When It Comes to Retirement Savings. Here's Why.

千禧一代可能拥有更少的房屋和make less money — but they're on track for a better retirement.

Thought Leaders

From Side Hustle to Full-Time Success — 6 Ways to Turn Niche Interests into Profitable Ventures

A hobby, pro bono work or charity project can turn into a money-making business if you know the right steps to take.

Franchise

Making Your Community The Secret Weapon in Rapid Franchise Expansion

Why local support and customer investment could be your franchise's ticket to unprecedented growth.

领导

8 Common Mistakes You Might Be Making as a Leader (and How to Fix Them)

Many leaders struggle to find their footing, and may make mistakes along their journey. Here are a few you might be making yourself.