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$60-million — can you Digg that?

Started by mathewi · 10 months ago

Plenty of people have had a kick at the recent Business Week article on Kevin Rose and Digg — in some cases a Chuck Norris-style roundhouse kick, such as the one delivered by Jason at 37signals — and it seems to me that (as with so many articles in the media) one of the ... Continue reading »

3 comments

  • George Tsiolis

    2 years ago

    Mat, have a look at my post on Kedrosky that Jason replied to as "priceless"


    Best,
    George
    reply
  • Mathew Ingram

    2 years ago

    That was a pretty good one alright, George. You must have read as many of those e-mail stock pitches as I have :-)
    reply
  • George Tsiolis

    2 years ago

    If the BW article can accomplish anything, I hope it can open discussion as to how web companies are valued once and for all. Personally, I don't think being a web company changes the fact that revenues and profits still come before eyeballs/page views, etc.

    I like using Digg and will be launching a similar site for the small-cap industry in September - but I believe we can all agree on the fact that it isn't worth anywhere near $200M if it can't turn a profit, nor present a viable plan for doing so in the near future.

    If not $200M, then what is the number? Would love to see discussion on how we get to a more realistic number for Digg and all web properties. It would provide a basis for better discussions in the future.

    Best,
    George
    reply

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