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A comment on Digg's Miserable Business Model, Losing Millions of Dollars. Parent comment

Re:Digg's Miserable Business Model, Losing Millions of Dollars by steveplace on Saturday December 20, 2008 @09:13PM (#405082)
Digg raised $40mm in VC. VCs don't give you money to put in the bank... they give you money to hire people and invest in things that might be profitable in the future.

Which begs the question: why exactly did they need 40mm in funding?

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