He gave reddit a 20 million evaluation based on the fact that their website has always been in the red and has never been able to monetize effectively.

He gave reddit a 20 million evaluation based on the fact that their website has always been in the red and has never been able to monetize effectively.

Reddit's valuation is now approaching $2 billion
http://www.businessinsider.com/reddit-funding-valuation-2017-7

And no, Steemit isn't worth more than Reddit.