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To take over something like Digg? Everything costs. Legal costs. Infrastructure costs. Clearing out employees and transitioning with new employees to take over
by adventureful 14y ago
To take over something like Digg? Everything costs.
Legal costs. Infrastructure costs. Clearing out employees and transitioning with new employees to take over and operate it. New product development to change the product into whatever they have in mind.
It's ridiculously easy to blow $500k doing nothing in tech when salaries run $100k with total compensation. And that's just the employee costs.
It'll cost Betaworks several million dollars to get Digg the way they want it, all in, including the purchase price.