Tag: Omidyar Network

Digg gets more cash, $8.5 million

Tags: Digg + funding + Greylock Ventures + Omidyar Network + Marc Andreessen

MarcoPolo
Posted by MarcoPolo 1 year 9 months ago; via gigaom.com/2006/12/28/dig...

Digg has raised another $8.5 million in new funding from existing VCs, Greylock Ventures and Omidyar Network. The company, previously had raised close to $3 million from these two firms, and Marc Andreessen, co-founder of Ning and Netscape.

With the newest version of Digg's service, which includes the ability to post and rate podcasts and video, Adelson said that Digg will be able to maintain its lead position.

Still, new problems have arisen for Digg in the latter half of the year that could spell trouble for the company. News reports...

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Digg paths to profitability and social networking

Tags: Digg + Kevin Rose + Building Blocks + Profit + Omidyar Network + Marc Andreessen + Greylock

ToPo
Posted by ToPo 2 years 1 month ago; via blogs.zdnet.com/BTL/?p=35...

Speaking at the Building Blocks conference in San Jose today, Digg founder and chief architect Kevin Rose described his site as a "crazy madhouse of news flying around, 100 percent user powered." The Digg madhouse isn't yet a crazy quilt of ads aimed at increasing revenue, he noted when asked about getting to profitability.

"We could slap on lots of ads, and we could be profitable tomorrow," Rose said. He added that Digg is going to taking its time, guarding the user experience, keeping it fresh and light. Rose singled out new social...

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