Digg Raises an Extra $8.5 Million

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Wendy Tanaka at Red Herring reports that, according to VentureWire, Digg.com has raised $8.5 million from two existing investors, Greylock Partners and Omidyar Network.

Not too much more news about the expanded funding except some user valuation information based upon the MySpace acquisition numbers (which may or may not even be relevant):

if Digg were acquired for $200 million with 1.35 million monthly visitors, according to comScore Media Metrix’ traffic estimates, it would be valued at $148 per user. Digg, however, said it has 20 million monthly visitors. This would have put Digg’s valuation at a more reasonable $10 per user.

Wanna make the top 100 of those influential Digg users? Check out Neil Patel’s guide on How to become a top 100 Digg user

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Loren Baker
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and runs Foundation Digital, a digital marketing strategy & development agency.
Loren Baker
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