Killer Companies Started By College Kids Time, Reddit, and other smart ideas By Kate Seamons, Newser Staff Posted Jun 5, 2010 2:00 PM CDT 0 comments Comments Time - the brainchild of a couple of kids. (AP Photo/Mark Lennihan) (Newser) – Turns out you don't have to suffer through a 6-hour graduation ceremony before you can make a splash in the business world. The Huffington Post lists 10 really impressive companies started in college: Time magazine: Yale seniors Henry Luce and Briton Hadden dreamed up the idea of a newsweekly, and founded it when they were both the ripe old age of 23. Reddit: The phrase "reddit" apparently just popped into then-22-year-old Alexis Ohanian's mind while at a University of Virginia library in 2005. He sold his social news site to CondeNast a year later. Insomnia Cookies: One of those so-simple-it's-brilliant ideas, this late-night cookie delivery company, founded by University of Pennsylvania junior Seth Berkowitz, in 2002, is successfully eating away at the monopoly pizza has held on the wee hours. FedEx: Another smart idea from a Yale student. Frederick W. Smith wrote a term paper that imagined an overnight delivery service. Then he created it. Click here for the full list, which, yes, includes Google. And Facebook.