It wouldn't work in this case. Digg did a Round C in 2008 of $28.7m. That's when they were over funded. Reddit was founded in 2005. Digg was founded in 2004

It wouldn't work in this case. Digg did a Round C in 2008 of $28.7m. That's when they were over funded. Reddit was founded in 2005. Digg was founded in 2004 and did a Round A at a reasonable $2.8m in late 2005. http://www.crunchbase.com/company/digg http://www.crunchbase.com/company/digg http://www.crunchbase.com/company/reddit http://www.crunchbase.com/company/reddit The only way your plan would work in this case is if you have a crystal ball in 2005. Basically, your competitor bets after the flop and you're planning on playing the hand while short stacked. And on the flip side you may end up being the Jaiku or Pownce to someone else's Twitter.