Reddit cofounder Alexis Ohanian is leaving his VC firm Initialized Capital. Per an Axios report, Ohanian is interested in pursuing pre-seed investing versus the seed-stage investments that Initialized is known for. The departure comes weeks after Ohanian stepped down from Reddit's board and instead urged the company to fill the role with a Black candidate. Visit Business Insider's homepage for more stories. Alexis Ohanian is leaving the Silicon Valley venture capital firm Initialized, according to an Axios report. Initialized specializes in more traditional seed-stage investing.