Serena Williams’ Husband Alexis Ohanian Made a Stirring Gesture of Love Toward Daughters With a Thoughtful…see more

Serena Williams’ Husband Alexis Ohanian Made a Stirring Gesture of Love Toward Daughters With a Thoughtful Move for Their Future

Alexis Ohanian just bagged the Adweek’s Brand Genius award. Indeed, genius he is! Because it seems, his acumen to judge the outcome of an investment is exceptional. Look at how he developed Reddit. Along with Aaron Swartz and Ohanian’s roommate, Steve Huffman, Ohanian founded it in 2005. But, initially, it did not find much success.

Although Serena Williams’ husband left it in 2020, after entering the public markets in March, Reddit stock has increased 15% from launch, while year-over-year revenue and adjusted earnings are up 20% and 23%, respectively. A September 2023 update to the Google algorithm gave Reddit increased visibility in search results, nearly tripling its traffic in just over a year. The same vision has also led Ohanian to invest for the future gain of his daughters.

In 2020, Ohanian became a founding investor in the Los Angeles NWSL team Angel City FC, and alongside, Ohanian’s daughter Olympia, who was just 2 at that time, also became an investor an investor in the club. That made her the youngest owner of a professional sports team. But that was not the only one. In the same year, Ohanian had made one more investment for Olympia and all their future kids. Ohanian’s move once proved to be a massive success, as he had revealed last month.

On August 7, Ohanian explained on ‘The Twenty Minute VC (20VC),’ a podcast hosted by Harry Stebbings that he had invested $250,000 through a trust in 2020. Riding on that Olympia and Adira have already become multi-millionaires. Calling the “the smartest thing” he did back then Ohanian said, “So the good news is I set that up. It’s not just for Olympia but all of our future kids… And they’re now actually, because of this latest round, they’re literally multi-millionaires because of that one investment four years ago. So there’s a part of that that makes me feel really good, which was like, ‘Hey, I saw something early.’”

From solely focusing on making a big venture to leaving a big legacy, the business dad wants to ensure a bright future for his kids. “I’m at the point of my life where I’m in the legacy building mode. And the two people who I care the most about are these little kids,” Ohanian had said. He reshared the clip of the conversation on TikTok on September 17. Notably, not only Olympia, their other daughter Adira is also in the investment picture.

Adira went one step above her elder sister as she became a team owner when she was less than 1 year old. She joined her sister as an investor in Tiger Woods and Rory McIlroy’s tech-infused golf league, TGL, and like Olympia, also became an investor in Angel City. Consequently, Adira became the youngest owner of two professional sports teams. You might wonder, why Ohanian is so focused on securing the future of his children from such a tender age. Ohanian’s background might have something to do with it.

Ohanian is the grandson of Armenian refugees and the son of a mother who immigrated from Germany. With this, he must have been able to gauge the struggle of people who are trying to find their footing in uncharted territory, which is why a significant portion of his investments has gone to startups, chiefly tech startups.

With that, he has acted as an angel investor and advisor to several small businesses trying to establish themselves. So he is often seen investing in seed rounds for companies that may or may not make it big over the long term. Altan Insights and Splendid Spoon are two such companies where he invested in May 2022 and February 2022, respectively. His thoughts on promoting startups?

“I get so much joy with being able to build, especially from zero. It does not interest me to own an existing team. I am much more interested in building things from scratch because you get to move a lot faster,” Alexis Ohanian had said in the Citius Mag Podcast last month. So, that very stand has also led him to bring his magical touch to his next big bet: women’s sports.