The new Slashdot, Digg, has apparently racked up $2.8 Million in Venture Capital by a few firms, including Omidyar Network, the outfit led by eBay co-founder Pierre Omidyar, Netscape co-founder Marc Andreessen, and Greylock partners.
No word on what Digg plans to do with the funding.
What’s up with all these rounds of funding? Why the hell does Digg need $2.8 million? All they need is a simple dedicated server, and I doubt their hosting costs are more than $500 a month.
Also, how will Digg get revenue? What warrants this investment?
A simple dedicated server? They get 500,000 visitors a day :)
Well, my comment about their hosting costs are completely wrong (they require some serious hardware), but still… $2.8 million?
I’m pretty sure they’ll have no trouble finding out what to do with that money ;)
More beer for Kevin.
hmm, publicly moderated community based website gets a couple million from a few big businesses. i don’t use digg very much, but that kinda makes me paranoid
how do I reach the owners of digg? I would like to advertise on their site. Their emails bounce back and there is no phone number.
david schwartz
biz dev manager/media buyer
contextweb
917-408-6308
Well, I see how the investment will payoff now. Thanks comment above.
Really nice and interesting website. Thank you a lot!
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