John Paczkowski

Recent Posts by John Paczkowski

Digg Dugg: $28.7 Million

Digg, the social news site that’s long been rumored to be up for sale, has raised $28.7 million in a Series C venture round led by Highland Capital Partners. Existing backers Silicon Valley Bank, Greylock Partners and the Omidyar Network also participated.

“Today is a big day for Digg,” CEO Jay Adelson wrote on the company blog. “We’re announcing a major expansion effort–the largest we’ve undergone in our history. With a new round of funding, we’re accelerating many of the programs that we’ve been working on over the past several months, including investments in infrastructure, new feature development, international expansion and hiring all the people we need to get there.”

As noted by Adelson, Digg will put some of the funds toward the rollout of an international growth strategy in early 2009.

Not exactly the sort of announcement you’d expect from a company rumored to be the prize in a bidding war between Microsoft (MSFT) and Google (GOOG). But then maybe it’s trying to drive its asking price back up to $300 million from the more realistic $200-$225 million figure recently batted around.

Question is: is Digg worth that much?


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work