Comments on: No Acquisition For Digg - Raise Series B Round Instead http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/ Startup and Tech News Mon, 12 May 2008 08:13:55 +0000 http://wordpress.org/?v=2.3.3 By: » Digg guys are up for sale again, quietly Web 2.0 Money: The Money & Business Behind the Web 2.0 Innovations http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-1856074 » Digg guys are up for sale again, quietly Web 2.0 Money: The Money & Business Behind the Web 2.0 Innovations Wed, 19 Dec 2007 20:08:55 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-1856074 [...] http://www.hoovers.com/allen-&-company/–ID__51026–/free-co-factsheet.xhtml http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/ http://www.techcrunch.com/2007/11/07/just-sell-digg-already-jay/ [...] […] http://www.hoovers.com/allen-&.....heet.xhtml http://www.techcrunch.com/2006.....d-instead/ http://www.techcrunch.com/2007.....ready-jay/ […]

]]> By: Ft. Hard Knox » Why Conservatives Need to Geek-Up (Part 3) http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-1409774 Ft. Hard Knox » Why Conservatives Need to Geek-Up (Part 3) Tue, 05 Jun 2007 02:12:30 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-1409774 [...] visitors per month. Where does a site like Digg get funding? Who are its investors? Primary Greylock Partners and the Omidyar Network. The Greylock Partner team is an international investor in primarily technology and medicine, with [...] […] visitors per month. Where does a site like Digg get funding? Who are its investors? Primary Greylock Partners and the Omidyar Network. The Greylock Partner team is an international investor in primarily technology and medicine, with […]

]]> By: This is How Digg Throws Away Good Money at Baron VC http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-684152 This is How Digg Throws Away Good Money at Baron VC Tue, 09 Jan 2007 15:09:49 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-684152 [...] I recently read on TechCrunch that they took on another couple of million dollars because when they sent out feelers for a sticker price of $150+ million there were no takers. [...] […] I recently read on TechCrunch that they took on another couple of million dollars because when they sent out feelers for a sticker price of $150+ million there were no takers. […]

]]> By: Sramana Mitra on Strategy » Blog Archive » Triumph of the Nerds http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-656058 Sramana Mitra on Strategy » Blog Archive » Triumph of the Nerds Thu, 04 Jan 2007 04:29:28 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-656058 [...] Also, since the segment is getting a lot of advertiser interest, investment is also following, as evident in the new $8.5 Million financing of Digg. So, if you’re noodling an idea, or a deal to invest in, have a look at the report to check the landscape. [...] […] Also, since the segment is getting a lot of advertiser interest, investment is also following, as evident in the new $8.5 Million financing of Digg. So, if you’re noodling an idea, or a deal to invest in, have a look at the report to check the landscape. […]

]]> By: The Dollar Factory Blog » Greylock Partners and Omidyar Network invest more money on money losing Digg http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-647636 The Dollar Factory Blog » Greylock Partners and Omidyar Network invest more money on money losing Digg Tue, 02 Jan 2007 21:39:15 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-647636 [...] However, hold on for just a second. According to TechCrunch, Digg is currently losing money, i.e., Digg is not profitable. The founders estimate that this will change soon and Digg will start having a positive cash flow. I am not so sure about that! [...] […] However, hold on for just a second. According to TechCrunch, Digg is currently losing money, i.e., Digg is not profitable. The founders estimate that this will change soon and Digg will start having a positive cash flow. I am not so sure about that! […]

]]> By: Digg.com macht noch keinen Gewinn - Yamboo http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-639387 Digg.com macht noch keinen Gewinn - Yamboo Mon, 01 Jan 2007 18:37:58 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-639387 [...] (Quelle: Techcrunch) [...] […] (Quelle: Techcrunch) […]

]]> By: The Internet is People » Document » How do web services make money? http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-629894 The Internet is People » Document » How do web services make money? Sun, 31 Dec 2006 10:44:08 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-629894 [...] Yesterday I was reading about Digg and how they have secured a second round of funding - it seems, as cool as the service may be, people are asking the question: how will they make any money to justify plowing a further $10 million into it? [...] […] Yesterday I was reading about Digg and how they have secured a second round of funding - it seems, as cool as the service may be, people are asking the question: how will they make any money to justify plowing a further $10 million into it? […]

]]> By: Web 2.0 Innovations http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-622384 Web 2.0 Innovations Sat, 30 Dec 2006 11:48:49 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-622384 pretty interesting article on the topic, many speculative reasons given in support of the these of why nobody buys digg, so far... http://nextnetnews.blogspot.com/2006/12/why-nobody-buys-diggcom.html pretty interesting article on the topic, many speculative reasons given in support of the these of why nobody buys digg, so far…
http://nextnetnews.blogspot.co.....ggcom.html

]]> By: Web2Cafe http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-621289 Web2Cafe Sat, 30 Dec 2006 04:54:07 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-621289 I will not expect any serious web 2.0 to startup to build a company with build-to-flip in mind. Think about it for a moment, of about 1400 web 2.0 companies, how many of them got acquired? Maybe 1% The built-to-flip mind-set doesn't seem to work. So, the fact that YouTube, Myspace and the likes struck gold after 18 or 12 or 6 months of work with their built-to-flip sites does not mean investors will buy digg at $150M. I hope what happened to facebook will not happen to Digg. I will not expect any serious web 2.0 to startup to build a company with build-to-flip in mind. Think about it for a moment, of about 1400 web 2.0 companies, how many of them got acquired? Maybe 1%

The built-to-flip mind-set doesn’t seem to work. So, the fact that YouTube, Myspace and the likes struck gold after 18 or 12 or 6 months of work with their built-to-flip sites does not mean investors will buy digg at $150M. I hope what happened to facebook will not happen to Digg.

]]> By: i hate digg http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-620720 i hate digg Sat, 30 Dec 2006 01:40:22 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-620720 I really do not like digg. Geeks do not click on ads. I really do not like digg. Geeks do not click on ads.

]]> By: diggthiskids http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-620516 diggthiskids Sat, 30 Dec 2006 00:23:22 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-620516 why is being profitable even an issue? youtube was about 20 years away from being profitable and they sold for 1.6. myspace was not profitable. it's all about eyeballs and momentum. digg kids should not have taken on so much vc money. now they are stuck w/ the sharks. should have sold to yahoo for 50 mill early on. why is being profitable even an issue? youtube was about 20 years away from being profitable and they sold for 1.6. myspace was not profitable.

it’s all about eyeballs and momentum. digg kids should not have taken on so much vc money. now they are stuck w/ the sharks. should have sold to yahoo for 50 mill early on.

]]> By: Yakito http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-619198 Yakito Fri, 29 Dec 2006 16:23:34 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-619198 Thats right, the same post that says that plentyoffish.com gets $1.000.000 a month from adsense Thats right, the same post that says that plentyoffish.com gets $1.000.000 a month from adsense

]]> By: Tony Lynne http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-619191 Tony Lynne Fri, 29 Dec 2006 16:21:40 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-619191 Digg's a good site, but what's the revenue model? Text ads, are you kidding me? http://www.CavengerNews.com is much better Digg’s a good site, but what’s the revenue model? Text ads, are you kidding me? http://www.CavengerNews.com is much better

]]> By: gsyi http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-618810 gsyi Fri, 29 Dec 2006 14:25:17 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-618810 >> I estimate Digg may be bringing in about $200K-$300K per month in advertising revenue. There was a blog post which said that digg makes approximately 200k monthly with adsense... >> I estimate Digg may be bringing in about $200K-$300K per month in advertising revenue.

There was a blog post which said that digg makes approximately 200k monthly with adsense…

]]> By: Sally http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-618156 Sally Fri, 29 Dec 2006 10:33:20 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-618156 what they need to do is expand their digging to stuff like products, people, films, etc. How many diggs does Perfume have, what digital camera has the most diggs, etc. They need to leverage the strengths of their existing audience, which has a lot to offer, rather then trying to get my dad to use Digg. The videos is an OK step in that direction but they need to go broader, sooner, and make the digg this button appear on everything from ecommerce sites to myspace profiles. what they need to do is expand their digging to stuff like products, people, films, etc. How many diggs does Perfume have, what digital camera has the most diggs, etc. They need to leverage the strengths of their existing audience, which has a lot to offer, rather then trying to get my dad to use Digg. The videos is an OK step in that direction but they need to go broader, sooner, and make the digg this button appear on everything from ecommerce sites to myspace profiles.

]]> By: commander tuna http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-617699 commander tuna Fri, 29 Dec 2006 09:00:17 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-617699 digg is slashdot 2.0. how much did slashdot go for? twenty grand or something like that? digg is gonna be be the big web 2.0 "whoops we shoulda took that offer" story, followed shortly by facebook. digg is slashdot 2.0. how much did slashdot go for? twenty grand or something like that? digg is gonna be be the big web 2.0 “whoops we shoulda took that offer” story, followed shortly by facebook.

]]> By: Drama 2.0 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-617157 Drama 2.0 Fri, 29 Dec 2006 06:59:55 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-617157 Dave Mackey: seems cheap? They haven't made a cent of profit despite the fact that they claim 20 million monthly visitors and have been around for a fairly long time as far as Web 2.0 startups go. According to the BusinessWeek article, they were at $3 million in annual revenues. For argument's sake, let's assume that's doubled to $6 million. You'd pay 25 times annual revenues for something that has significant flaws and no defensible technology? I've got a job for you. How would you like to be a venture capitalist? Dave Mackey: seems cheap? They haven’t made a cent of profit despite the fact that they claim 20 million monthly visitors and have been around for a fairly long time as far as Web 2.0 startups go. According to the BusinessWeek article, they were at $3 million in annual revenues. For argument’s sake, let’s assume that’s doubled to $6 million. You’d pay 25 times annual revenues for something that has significant flaws and no defensible technology? I’ve got a job for you. How would you like to be a venture capitalist?

]]> By: David Mackey http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-616611 David Mackey Fri, 29 Dec 2006 05:05:01 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-616611 150 mil. seems cheap for Digg, though I guess there is the uncertainty factor that something better could come along. 150 mil. seems cheap for Digg, though I guess there is the uncertainty factor that something better could come along.

]]> By: like its 1999 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-616341 like its 1999 Fri, 29 Dec 2006 04:12:59 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-616341 series B is always the beginning of the end. series B is always the beginning of the end.

]]> By: sam http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615533 sam Fri, 29 Dec 2006 01:31:15 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615533 regarding the mix/look of the digg personnel... no wonder the bay area looks like it does. guess the idea of diversity is the odd older guy. and people wonder why there's screaming going on for the way these companies are formed (regarding the vc funding) guess the saying hire and fund those who look like you is really true... peace.. regarding the mix/look of the digg personnel…

no wonder the bay area looks like it does. guess the idea of diversity is the odd older guy. and people wonder why there’s screaming going on for the way these companies are formed (regarding the vc funding)

guess the saying hire and fund those who look like you is really true…

peace..

]]> By: Alfred Toh http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615464 Alfred Toh Fri, 29 Dec 2006 01:14:27 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615464 Stan, good idea. Rather than google ads, they can mix in Ads like what Techcrunch has, on their Technology news section. 6 of them at 10K a month.. That will be 60K for just one news section of their site. I'm sure Web 2.0 companies will be queuing up for those slots... Stan, good idea. Rather than google ads, they can mix in Ads like what Techcrunch has, on their Technology news section. 6 of them at 10K a month.. That will be 60K for just one news section of their site.

I’m sure Web 2.0 companies will be queuing up for those slots…

]]> By: Scott http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615326 Scott Fri, 29 Dec 2006 00:42:38 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615326 Mr. Rose's "personal assistant" is named Nicole, actually, not Svetlana. Mr. Rose’s “personal assistant” is named Nicole, actually, not Svetlana.

]]> By: Stan http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615311 Stan Fri, 29 Dec 2006 00:39:55 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615311 Mike, exactly, plus this idea will at least to some extent discourage Digg gaming and spamming, because people and marketers will know that there is a legal (not to mention much more beneficial) way to get your news on the Digg homepage in front of millions of Diggers. I think there are definitely more pluses than minuses in this approach and like you said, users will be fine with it. P.S. Mike, thanks for interacting with your audience and checking the comments, to me it speaks volumes!! Mike, exactly, plus this idea will at least to some extent discourage Digg gaming and spamming, because people and marketers will know that there is a legal (not to mention much more beneficial) way to get your news on the Digg homepage in front of millions of Diggers.

I think there are definitely more pluses than minuses in this approach and like you said, users will be fine with it.

P.S. Mike, thanks for interacting with your audience and checking the comments, to me it speaks volumes!!

]]> By: Male Chauvinist http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615268 Male Chauvinist Fri, 29 Dec 2006 00:32:47 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615268 What a sh*t place to work. 14 geeky guys and 1 suspected woman. Take some of that $8.5 million and hire a few hot sexretaries from Eastern Europe. Goddamned rookies. Doesn't anybody know how to spend VC money anymore? What a sh*t place to work. 14 geeky guys and 1 suspected woman. Take some of that $8.5 million and hire a few hot sexretaries from Eastern Europe. Goddamned rookies. Doesn’t anybody know how to spend VC money anymore?

]]> By: Michael Arrington http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615195 Michael Arrington Fri, 29 Dec 2006 00:16:31 +0000 http://www.techcrunch.com/2006/12/28/no-acquisition-for-digg-raise-series-b-round-instead/#comment-615195 Stan - I think it's a great idea as long as they point out that it is a sponsored story. Google strugged with putting sponsored results above search result for a long time before they pulled the trigger, and of course now users are fine with it. Stan - I think it’s a great idea as long as they point out that it is a sponsored story. Google strugged with putting sponsored results above search result for a long time before they pulled the trigger, and of course now users are fine with it.

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