Digg founder Kevin Rose has stepped down from the company recently. He has started a new company in stealth mode and is close to raising $1 million in funding. Rose launched Digg in December 2004 and it gained popularity very quickly.
In the middle of 2008, Google became very close to buying the service but backed out. Digg would have been acquired for close to $200 million, but the deal fell through. Former Digg CEO Jay Adelson got everybody back on track after the deal did not go through.
After Adelson stepped down, Rose took over as CEO until they hired Matt Williams this past fall. Rose will remain on the board of directors at Digg and it is still very active with Revision3.