4 ms·

> We’re hearing they’ll just push through with a new round of financing. I may be a bit clueless about the whole web-entrepreneurship thing, but I'm amazed tha

by marijn 18y ago

> We’re hearing they’ll just push through with a new round of financing. I may be a bit clueless about the whole web-entrepreneurship thing, but I'm amazed that after three and a half year and zillions of users, Digg is still not making money. How would such a thing be worth 200 million dollars, anyway?

mixmax 18y ago
"I may be a bit clueless" more likely there's a VC or two about to invest in digg that is clueless...
babul 18y ago
With "zillions" of users they will find a way to make money eventually. It is a pattern used by many others (both online and offline) and it is easier to create leverage once you have a large established userbase (especially if you are able to determine their demographics), though often it may seem a lot like gambling. Many of the other big social sites have also yet to make money/profit.
- nir 18y ago
  >With "zillions" of users they will find a way to make money eventually Either that or the next thing comes along and they move on. See Slashdot before and after Digg.
  - william42 18y ago
    An uptick in quality? (Seriously, what digg did was to pull all the people stupid enough to install Alexa.)
    - nir 18y ago
      Yeah, maybe there's two periods when a site like Slashdot or Digg is good - before the masses arrive and after they leave.. It's the bell curve upside down :)
- unimanz 18y ago
  monetizing news, is very tricky. i can't thinnk of 1 social news site that makes a lot of money.
  - ojbyrne 18y ago
    Digg has sixty+ employees and was recently described as close to breaking even. So they make money, they just also spend it all. Also for those who haven't read Sarah Lacy's crappy book on Web 2.0, Kevin has already cashed out some shares.
    - merrick33 18y ago
      oh yeah, that must be how Kevin made $60 million in 18 months http://www.businessweek.com/magazine/content/06_33/b3997002.htm http://www.businessweek.com/magazine/content/06_33/b3997002....
schtog 18y ago
I understand and agree with your point but for Google it might not have been wrong. Not that they can make money from it directly but as part of the bigger plan to organize the worlds information.

by marijn 18y ago

mixmax 18y ago

"I may be a bit clueless" more likely there's a VC or two about to invest in digg that is clueless...

babul 18y ago

With "zillions" of users they will find a way to make money eventually. It is a pattern used by many others (both online and offline) and it is easier to create leverage once you have a large established userbase (especially if you are able to determine their demographics), though often it may seem a lot like gambling. Many of the other big social sites have also yet to make money/profit.

nir 18y ago
>With "zillions" of users they will find a way to make money eventually Either that or the next thing comes along and they move on. See Slashdot before and after Digg.
- william42 18y ago
  An uptick in quality? (Seriously, what digg did was to pull all the people stupid enough to install Alexa.)
  - nir 18y ago
    Yeah, maybe there's two periods when a site like Slashdot or Digg is good - before the masses arrive and after they leave.. It's the bell curve upside down :)
unimanz 18y ago
monetizing news, is very tricky. i can't thinnk of 1 social news site that makes a lot of money.
- ojbyrne 18y ago
  Digg has sixty+ employees and was recently described as close to breaking even. So they make money, they just also spend it all. Also for those who haven't read Sarah Lacy's crappy book on Web 2.0, Kevin has already cashed out some shares.
  - merrick33 18y ago
    oh yeah, that must be how Kevin made $60 million in 18 months http://www.businessweek.com/magazine/content/06_33/b3997002.htm http://www.businessweek.com/magazine/content/06_33/b3997002....

schtog 18y ago

I understand and agree with your point but for Google it might not have been wrong. Not that they can make money from it directly but as part of the bigger plan to organize the worlds information.