It hasn't been that long since Kevin Rose left Digg, but early details of his new startup are already coming to light.
The company, a development lab focused on solving problems using the mobile Web, is called Milk. Located in San Francisco's Mission District, it has been described as an incubator, but TechCrunch notes that the philosophy behind it is much different than the approach taken by most other Silicon Valley startups.
Incubators are generally thought of as companies that take a lot of entrepreneurial ideas, fund them and help them get off the ground. Rose says that rather than launch a bunch of smaller ideas, Milk will ideally help give life to between four and six bigger, more ambitious businesses. According to TechCrunch, the Digg co-founder expects most of the ideas to fail, but ideally he hopes to see one or two "become viable companies that have a big impact."
Kevin Rose has stepped down from Digg, he confirmed Friday evening via Twitter.
"Wow, tons of questions - I'll confine advising Digg/ on the board of directors, & taping Diggnation (as I have been since [CEO Matt Williams] joined)," Rose tweeted.
TechCrunch's Michael Arrington originally broke the story. According to Arrington, Rose is leaving Digg to focus on a new startup he's founded. In fact, Rose is closing out a $1 million funding round for the new company.
Rose founded Digg in 2004. However, the last year wasn't exactly smooth sailing for the company. Former CEO Jay Adelson left Digg in April after he and Rose had a falling out, Arrington said. Rose took over the post briefly, until former Amazon exec Matt Williams was hired as Digg's new chief.
But Digg's issues have been more than managerial.At its peak, the link-sharing site had more than 40 million unique monthly visitors. In August, Digg rolled out the somewhat controversial version 4 update. The redesign was intended to curb the overwhelming authority of the dominant power users, but it was immediately hit with bugs and delays, as well as the disdain of some long-time users.
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