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steveplace
on Dec 21, 2008
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Digg's Miserable Business Model, Losing Millions o...
Digg raised $40mm in VC. VCs don't give you money to put in the bank... they give you money to hire people and invest in things that might be profitable in the future.
Which begs the question: why exactly did they need 40mm in funding?
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Which begs the question: why exactly did they need 40mm in funding?