This is true, and I was a "Digg refugee" who went to Reddit after the Digg 4.0 fiasco. But nearly all successful businesses have a huge amount of lucky timing.

This is true, and I was a "Digg refugee" who went to Reddit after the Digg 4.0 fiasco. But nearly all successful businesses have a huge amount of lucky timing. Reddit also had the nimbleness to capitalize on Digg's failure. I remember reading a blog post years back about how they were able to do things really quickly (I think the post was about how they changed their alien logo in like a day to something welcoming Digg folks) because they were a small startup back then.