For the first time Alexa shows Digg’s reach being eclipsed by Reddit. According to the online ranking service, Reddit is now the 117th most popular site on the web, while Digg has fallen to 138th.
Judge: Twins can’t back out of Facebook settlement
The U.S. Appeals court tells the twins they must abide by their settlement with Facebook (Judgement PDF). The twins, along with ConnectU co-founder Divya Narendra, accepted their $45 million of stock at a price that valued Facebook at $15 billion but they later learned that Facebook’s board had adopted an internal valuation of just $3.7 billion. […]
Sparks Fly
McClure: ‘If Sequoia Is The Yankees, We’re The Oakland A’s’
In an interview just after Demo Day, McClure talks about the perfect formula for a startup: (hacker + hustler + designer) and why the three Ds — Design, Data and Distribution — are important for young companies. He says that the fund basically makes its $25K to $250K bets on companies with simple revenue models. […]
Files for divorce
Stevens arrives in Benghazi
A small Department of State team headed by Christopher Stevens arrives by chartered boat in Benghazi. They set up shop in a hotel. Benghazi has already been liberated but Moammar Gadhafi is still in power in Tripoli and a war is going on. The U.S. Ambassador has been expelled from Tripoli by Qadhafi and the […]
Sweepr iPhone game
Buys building for HuB
Biter buys an old bank property just north of Sarasota downtown for $2.8 million. He wants to use it as his own office and to create a “fun” environment for young, creative entrepreneurs. He convinced his good friend Rich Swier Jr., the founder of the Sarasota business incubator The HuB, to relocate his enterprise from […]