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Greylock Partners Spins Out $20 Million Seed Fund
Monday, September 27, 2010 - 4:28pmThe Wall Street Journal reported earlier today that Reid Hoffman, the co-founder of LinkedIn Corp. and Greylock Partner, has spun out a $20 million seed fund from Greylock's $575 million Discovery Fund. While not new money, the spin out will allow quicker decisions to be made regarding the seed...
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Digg.com Opens New Site and Picks Finalists for CEO Position
Monday, August 23, 2010 - 4:54pmDigg.com has been undergoing a lot of troubling changes recently - from the loss of long-time CEO Jay Adelson in April 2010, rapidly shrinking numbers of users, as well as a loss of relevance as other social media outlets increasingly take up the mantle that Digg once had. Digg's leadership (...
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Digg CEO Steps Down
Monday, April 5, 2010 - 3:03pm
Early this morning Jay Adelson, the now former CEO of Digg, announced that he is stepping down from the position. He made this announcement via the company’s blog. Jay said that the “entrepreneurial calling is strong, and I am ready to incubate some new business ideas over the next twelve months....
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Digg EBITDA Profitable In 2009 (MSFT, GOOG)
Friday, February 5, 2010 - 1:52pm
According to Tim Sykes, of Wall Street Warriors and Trader Monthly fame, Digg.com was EBITDA profitable in 2009. Digg CEO, Jay Adelson, informed Tim of this important development yesterday. Wikipedia describes Digg as “a social news website made for people to discover and share content from...
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