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October 28, 2005

Digg receives $2.8 million in VC funding

linkdump, finance — by TDavid @ 12:34 pm PST

Digg has become one of my favorite sites. It’s in my Opera startup session page so I can see what everybody is digging by just selecting the tab. Often some real gems come out of there. Yes, there are too many self-referential diggs and Kevin Rose and TWIT fanboy front page diggs, but if you can get past that chaff, there is plenty of wheat.

Therefore, I was happy to read that Digg just received $2.8 million in venture capital:

The company says it has 80,000 registered users who are allowed to “digg,” or select, articles (which can be anything online, from news stories, blogs, or commercial offerings). Those who don’t register are able to view the ranked items. Digg says it has more than 500,000 daily visitors.

The investors include Netscape co-founder, Marc Andreessen and Omidyar Network which has eBay co-founder Pierre Omidyar. These guys picked a good one here, digg is definitely one to watch. This would be a good one for Microsoft to buy but a betting man would say Yahoo is the front runner to digg it.

Congratulations Digg team!

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