Common knowledge says a new business venture requires angel investors of some kind or at least the biggest obstacle is the financial part.
Would you believe if you were told Digg was launched at a cost of $2000 ONLY using the open source LAMP stack (Software progams bundled for running dynamic websites or servers: Linux,Apache, MySQL and PHP) , with a monthly hosting cost of $99, without advertising cost of a single dollar?
Let’s have a look at Digg’s statistics first:
No. of users: 500,000
No. of links: More than a million
Traffic rank: 78
Staff: 15 people
Monthly traffic: 10 million pages per day
Of course, Kevin Rose, the founder of Digg, an important name in Web 2.0 amongst the most popular internet celebrities today, had experience working with dotcom startups before he found Digg, yet I think there is reason for being optimistic that if you have an idea that sells, a major chunk of your job is done!
