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My guess is that Reddit won't be able to innovate much with that level of staffing, they are basically just keeping it running - but maybe that's ok, since they
by rythie 16y ago
My guess is that Reddit won't be able to innovate much with that level of staffing, they are basically just keeping it running - but maybe that's ok, since they have already been bought. Slashdot has been the same for a long time too, but they are also not looking for a big exit.
Digg has had $40m in funding [http://www.crunchbase.com/company/digg http://www.crunchbase.com/company/digg] and so unless it sells for $200m+ the investors will most likely see it as failure. Kevin Rose seems to be advising people to take less money [http://www.zdnet.com/blog/weblife/kevin-rose-10-tips-for-entrepreneurs-to-succeed/1930 http://www.zdnet.com/blog/weblife/kevin-rose-10-tips-for-ent...] or no money, presumably because Digg was over-funded, at least for it's current position.
- ojbyrne 16y agoWhere is Kevin advising people to take less money? If you mean the $80 million comment, that was almost certainly before the Series C, so digg had less than half the funding.
- rythie 16y agohttp://www.zdnet.com/blog/weblife/kevin-rose-10-tips-for-entrepreneurs-to-succeed/1930 http://www.zdnet.com/blog/weblife/kevin-rose-10-tips-for-ent... point 4
- ojbyrne 16y agoFor someone who took $ x million "off the table," during those funding rounds the hypocrisy is impressive.
- deleted 16y ago[deleted]
- Lewisham 16y agoSince when did "experience" == "hypocrisy"?
- ojbyrne 16y agoHuh? Kevin sold several million dollars worth of stock, enabled by raising more money than needed, and gave up more control to do it. Now he advocates that others raise as little money as possible. How is that "experience?"
- bmm6o 16y agoAbsolutely. Every time someone trots out "And Reddit only has 7 guys", I think to myself that they're innovating as if they had 3. Say what you will about Digg, but at least they rolled out new software.
- neilc 16y agoSay what you will about Digg, but at least they rolled out new software. Digg is a discussion site, not an operating system -- what is the value in "rolling out new software"? Digg's value is in the quality of the discussion and community; "innovation" that doesn't improve that is pointless. Look at HN: it remains nearly as minimalist as always, and mostly receives occasional tweaks and performance improvements.
- nervechannel 16y agoQuite -- it was innovation that killed Digg wasn't it?
- slantyyz 16y agoI'm of the view that the growth and community killed Digg. Once Digg hit critical mass, they were killed by the signal to noise ratio. I stopped visiting the site a couple of years ago because of that. The reason why HN thrives is that the signal to noise ratio is still quite high, and while there is diversity in the submissions, you can probably group them into a few common themes.
- WesleyJohnson 16y agoI would agree that I love HN's minimalist approach, but the end game for HN and Digg are vastly different, aren't they? I think the perceived value of rolling out new software is that Digg had hoped it would draw in more uses and entice existing users to become more active. If you're running a website that is largely user generated content and is also stagnant, how do you inject new life into it without adding new features? I'm genuinely curious.
- bmm6o 16y ago