Good luck and congratulations. That said, I think they should have stuck to StackOverflow itself. Being THE site that programmers use for Q&A could eventually m

Good luck and congratulations. That said, I think they should have stuck to StackOverflow itself. Being THE site that programmers use for Q&A could eventually make millions per year in profit, with high quality sponsorship. It's also a site they can genuinely be in to. I don't see them being passionate about fashion or car Q&A sites. Now they're stuck on the VC train without a repeatable formula. They had the power to get thousands of programmers coming to one site, and just as importantly, linking to it from hundreds of high pagerank sites. That's why they've done so well with SEO. It's a picture perfect SEO-driven site. Now they're going to struggle hard to build up a single new site as successful as SO, let alone dozens. Not that I think it's a mistake from Fred's perspective. The VCs can afford to roll the dice, and it's not risky compared with many startups. They're betting that Joel/Jeff can figure out a repeatable formula, maybe they can.