“Nothing to do with these apparent clowns”

Before anyone starts to blame Serena WilliamsHer husband, Alexis Ohanian, co-founder of Reddit, has made his role clear amid fraud allegations against 777 Partners.

Ohanian, who is the founder of 776 (pronounced “Seven Seven Six”), has no direct or indirect ties to the controversial company. He wrote on X:

“Just to be SUPER clear, my company is 776 (Seven Seven SIX) and has nothing to do with these apparent 777 clowns.”

777 Partners has come under scrutiny as co-founder Josh Wander faces an indictment from the Securities and Exchange Commission on charges of securities fraud and wire fraud. According to federal prosecutors, Wander improperly used funds from the company's structured settlements business to finance acquisitions of football teams and airlines.

Besides Wander, the SEC also filed a complaint against co-founder Steven Pasko, former CFO Damien Alfalla, 777 Partners and a related entity, 600 Partners.

What is Serena Williams' husband Alexis Ohanian's company 776 doing?

Alexis Ohanian's company 776 is a technology company whose job is to deploy venture capital and support founders. Ohanian founded the company in 2020. The logic behind the name dates back to 776 BCE, when the first Olympic Games were recorded. The company runs on a self-built operating system called Cerebro.

The company has invested in several sectors, including health technology, media and consumer products. They invested their money in startups like Feastables, Stoke Space, Riverside, Nucleus Genomics, Monumental Labs and RO.

Alexis Ohanian also focuses on corporate social responsibility, and with that in mind, he launched the 776 Foundation Fellowship Program. The program offers $100,000 over two years to founders aged 23 or younger working on climate-related projects.

Ohanian launched Athlos, a women-only track and field meet series to address the opportunity gap. The first meeting was held in September of last year at Icahn Stadium on Randall's Island. It attracted a large number of viewers with around 3 million fans.

“Athletics is one of the most watched sports in the Olympics…but it's not really big outside of the Olympics,” Ohanian told the Post. “We want to put them on the biggest stage possible in prime time.”

Alexis Ohanian also said that people should not view this decision as a charitable goal. He also works for money while promoting women's sports.