American - Businessman | February 21, 1977 -
At our peak, no one knew how to value Digg.
Kevin Rose
ValuePeakKnewOurHow
One of the things that I've always loved to do is brainstorm ideas with friends and get together and talk about what they're building... Essentially, my day-to-day is just going around and meeting entrepreneurs and talking to them about what they plan on launching.
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I want to be known as one of the most accurate investors that ever lived.
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The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.
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Twitter became a major place to find out what was breaking on the Internet. Facebook became a place to share links. Social media really grew up.
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I focus on consumer Internet. Sometimes it's a working prototype; sometimes it's an idea on a napkin. I don't do a ton of deals a year, and I really like working with startups - it's the only way I can invest. It fits my ADD brain.
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Since news breaks on digg very quickly, we face the same issues as newspapers which print a retraction for a story that was misreported. The difference with digg is that equal play can be given to both sides of a story, whereas with a newspaper, a retraction or correction is usually buried.
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We want to open digg up to just about anyone and everyone that wants to express their interest in any type of news story or Web content.
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People want to have a voice and a say in what is news.
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The democratic approach to news is a very valuable thing. We're always going to be dependent on the quality of reporting of mainstream media.
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Digg will serve as a means of gathering metrics for third party websites, providing them insights into who's digging their content, who they are spreading it to.
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With Digg, users submit stories for review, but rather than allow an editor to decide which stories go on the homepage, the users do.
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