Greylock Partners and Omidyar Network Plug Another $8.5 Million into Digg

Digg LogoKevin Rose’s Digg.com, the biggest user-contributed news aggregator website has raised $8.5 million in funding from previous investors of Digg, Greylock Partners and the Omidyar Network. Pierre Omidyar is a founder of eBay and the Omidyar Network.

According to VentureBeat, “Statistics have become a major sticking point for Digg, with the company saying in October that it has 20 million users, while conservative measurement sites like Comscore say Digg has a mere 1.3 million.”

Another interesting point that VentureBeat’s Matt Marshall brings up is that Digg limits the investors to insiders. Digg believes that it is the insiders that truly understand the revenue potential that Digg has. Insiders believe that Digg is worth so much that they do not want other parties involved.

Digg has recently revamped their entire user interface and implemented a new feature for videos users could view external videos directly on a Digg page rather than actually having to leave the website.

Currently Digg is ranked #76 on Alexa and #144 on Compete.com.

Greylock Partners and Omidyar Network Plug Another $8.5 Million into Digg Comments

  1. Brenda says:

    It’s good to see ones like Greylock Partners and Omidyar in their effort to give back to the community.Hopefully digg will do the same.My nane is Brenda, I’m one of the three new women entrepreneurs who stared the new social network myblingUbling.com our company is young, but full of new ventures. We just launched on 09-09-08 and we are in the early stage of starup and now seeking Venture Capital. Our site offer members perasonal profiles, forums, snap – it runway 16, seach, eye-alert news, hagglingbay, and more. We’re committed at succeeding.

  2. Brenda says:

    It’s good to see ones like Greylock Partners and Omidyar in their effort to give back to the community.Hopefully digg will do the same.My name is Brenda, I’m one of the three new women entrepreneurs who stared the new social network myblingUbling.com our company is young, but full of new ventures. We just launched on 09-09-08 and we are in the early stage of starup and now seeking Venture Capital. Our site offer members perasonal profiles, forums, snap – it runway 16, seach, eye-alert news, hagglingbay, and more. We’re committed at succeeding.

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