Decius wrote:

Digg gets up to 1,000 links submitted every day and 500,000 visitors each month, radiating traffic around the web. Its growth has been so pronounced that the site's own server melted down earlier this month.

But extra infrastructure and new staff will be added, thanks to a $2.8 million investment from a high-profile consortium of angel investors, including Netscape co-founder Marc Andreessen.

Well, this is annoying news. Digg is very similar to MemeStreams. We do the technology better, but they have a much better look and feel, thanks, of course, to the fact that they have millions of dollars in funding to hire designers and pay people to sit and code.

We could beat the pants off of them for a fraction of this money.

That is hard. They seem limited to tech news, of course, where our community is much broader, though not actually larger, it doesn't seem. It's never seemed to me though that you were particularly interested in VC, if only because "angel" investors tend to get huge amounts of control over your company.

RE: Wired News: Digg has millions in funding