Digg competitor Mixx raises $2M in funding. This title could be called why social bookmarking sites are bad investments. Let me explain:
Yes, social bookmarking tools like Digg, Reddit, etc., have revolutionized news, publishing and media. Kevin Rose - and Joshua Schachter (founder of Del.icio.us) before him - deserve a lot of credit. But as businesses for investors to invest in, they all fall short. continue reading...
