• Digg Raises An Inside Venture Round

    Digg Raises An Inside Venture Round

    Digg has raised a new round of financing, we’ve confirmed. It’s an inside round, meaning one or more existing investors put in the money. We’ve heard the amount raised was single digit millions, probably around $5 million. CEO Matt Williams has confirmed the financing to us, but won’t give an exact number on the amount raised. Read More

  • Renren: Big but not the Facebook of China

    The Financial Times yesterday reported on the upcoming IPO of Chinese social network Renren.com:  The strong interest [in Renren’s IPO] stems from the fact that there is no major social media or social networking company open to public investment. With a Facebook IPO at least a year off, many investors are keen for a slice of “the Facebook of China”. The offering is set to… Read More

  • Milk: Kevin Rose's New Company Aims to Solve Big Problems on the Mobile Web

    Milk: Kevin Rose's New Company Aims to Solve Big Problems on the Mobile Web

    Well by Silicon Valley standards, that certainly wasn’t a long “stealth” period. Just weeks after he quit Digg, Kevin Rose is announcing details of his new startup. Knowing Rose, I can tell why he’s so excited to get started. He’s constructed a company that plays perfectly to his strengths in the early days– but will test his weaknesses long… Read More

  • Interview With Digg CEO Matt Williams On Future Of Digg

    I spoke with Digg CEO Matt Williams today about the departure of founder Kevin Rose to work on a new startup, and where Digg goes from here. Williams is extremely bullish on Digg. Traffic stabilized in January, he says, at about 20 million unique monthly visitors. The company has just 35 employees, he says, after 40% layoffs late last year. With the decreased burn rate the company is… Read More

  • RIP Digg.

    Startups in Silicon Valley are like old generals. They don’t die anymore, buoyed on life-rafts of lingering venture capital and modest revenues. They just fade away, eventually purchased for assets that are a shadow of their former promise. It’s pretty clear that Digg is on that path. The company isn’t dead, but it’s been fading away for a while, and its soul is all… Read More

  • Kevin Rose Resigns From Digg, Closing Round On New Startup

    Kevin Rose Resigns From Digg, Closing Round On New Startup

    Wow, when I wrote last night that Kevin Rose doesn’t really use Digg anymore, I had no idea how perfect the timing was. It turns out Rose really has tuned out. Because, say multiple sources, he’s already resigned from the company and is closing a $1+ million financing round for a new startup he’s founded. Rose first launched Digg in December 2004. The service was an instant… Read More

  • Not Even Kevin Rose Really Uses Digg Anymore

    How bad are things at the once-mighty Digg these days? Not so good. It’s been months since Digg relaunched in August in a quest for relevance. They had 18 million unique worldwide visitors that month according to Comscore. That dropped to just under 12 million in January, a 33% drop in just five months. Everything official coming out of Digg says things are great and that a the company… Read More

  • Digg Hires Vast And Coremetrics Alum Ben Folk-Williams As New VP Of Engineering

    As we wrote in late November, Digg’s longtime VP of Engineering John Quinn joined flash sales giant Gilt Groupe. Today, Digg is announcing his replacement—Ben Folk-Williams. Folk-Williams was previously VP of Engineering at search and listings company Vast.com, and prior to that, led engineering at analytics startup Coremetrics, which was acquired by IBM last June. Read More

  • Mike Maples: Why I Don't Go for the Flip and the Three Deals that Got Away (TCTV)

    Floodgate’s Mike Maples came in the studio yesterday to pre-tape an episode of Ask a VC, and while we had him here we picked his brain about the state of the venture industry. We started by talking about why his firm, Floodgate, is out of step with the broader Super Angel movement. Not only does Maples not believe you can make money through a spray-and-pray-and-flip approach, he… Read More

  • The Age Of Relevance

    The Age Of Relevance

    What’s the Next Big Thing after social networking? This has been a favorite topic of much speculation among tech enthusiasts for many years. I think we are already witnessing a paradigm shift – a move away from simple social sharing towards personalized, relevant content. The key element of the next big thing is the increasing significance of the Interest Graph to complement the… Read More

  • In A Step Back Towards V3, Digg Ending RSS Submissions For Publishers

    In a step back towards the old Digg, Digg Product manager Mike Cieri just sent out an email to partner publishers stating the intent to remove the RSS submitted stories feature. For those of you that remember, the RSS submission feature was how stories from the Reddit publisher account on Digg were sent to the Digg front page in an act of rebellion against the V4 redesign of the site last… Read More