Invests in Dogster

Arrington joins a group of angel investors who provide $1 million in seed capital for the site, which started off as a parody of Facebook. Arrington:

Dogster was started on table scraps from a few friends and family of founders Ted Rheingold, John Vars and Steven Reading. These guys kept operations extremely lean from the start, and brought the company to profitability about a year ago, just shy of their two year birthday.

Growth in terms of users, page views and revenue continues to increase aggresively. And while Dogster is still small, the company continues to run on a very tight budget. No money is wasted. They even asked me for a free $200 job listing on Crunchboard. I declined, and they bought it anyway.