37Signals: Don’t believe BusinessWeek’s bubble-math:
This week’s BusinessWeek cover story features a beaming Kevin Rose from Digg. Across his chest it says “How this kid made $60 million in 18 months.” Wow, now that sounds like a great success story.
Too bad it’s a blatent lie. BusinessWeek knows it….
…So why are you writing about an 18-month old company that took $2.5 million to be “finally be flush with enough cash to pay salaries, rent an office, and keep employees in standard startup snacks like Twizzlers and Vitamin Water.” If BusinessWeek wants to say it only takes $50 and an internet connection to be the next mogul they may want to cite a valid example. It’s certainly possible, but Digg isn’t that example.
via the Bb Gun