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RE: Wired News: Digg has millions in funding

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RE: Wired News: Digg has millions in funding
by Elonka at 11:25 am EST, Nov 18, 2005

Decius wrote:

k wrote:
That is hard.

I don't think so. We're been thinking about this stuff for a long time. We know where to take it. Its a matter of resources and not a matter of vision.

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.

If someone was interested in investing in this so that we could have a developer working full time on it I wouldn't look them in them mouth. I think we could do a hell of a lot with even just one developer.

If you want investors, you have to have a formal written business plan. Which doesn't mean a plan as in "this is what we're planning to do over the next 5 years," but a plan as in, "This is what we think the market can make, this is how much money we want for our company, and this is what kind of return our investors can expect." Do you have that? A written plan, in a language that bankers and VC can understand?

RE: Wired News: Digg has millions in funding


 
 
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