Barry Graubart: My daughter raised $15 allowance on a $500m valuation RT @mathewi: via @pkafka Reddit only raising $1M from angels:

John C Abell: This will be the un-Zynga, un-Facebook, etc.

Mathew Ingram: Peter Kafka has a twist on the Reddit funding story -- says it's only raising $1M and only from angels:

Peter Kafka: Yes, Reddit is raising at $400 mm valuation. But it's Reddit, so of course there's a twist: They only want $1 mm.