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

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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  • http://semroad.com/ Mike McD

    You know what I miss? DigDug.

    … also, Space Invaders.

  • https://www.searchenginejournal.com Loren Baker, Editor

    I miss Blue Meanies from Outer Space, the old Vic 20 game which was like Space Invaders ūüôā

  • http://johndoe.com John Doe

    You need to look at the difference between “monthly visitors” (which include repeat visitors) and “monthly unique visitors”, a much lower figure, and the number that is used for purposes of computing valuations. Duh.