Digg founder says it's the perfect opportunity to start a business

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Kevin Rose, Kevin Ross's founder, said in Friday that the current global economic downturn was a good opportunity to create an internet company.

At the Web 2.0 summit, Ross said the current financial crisis has left fewer competitors in the market, meaning the media will pay more attention to the newly established technology companies. "It's a good time to set up a new company," Roth said. Financing consumer-facing web companies will benefit and have a lot of opportunities. ”

For example, Digg, Facebook and Flickr were all set up in 2004, when the market was in a slump. He said: "We did not create in the Web 2.0 era, when the market environment is good, the establishment of a new company has become very difficult." ”

"In the first 6 months to 8 months after Digg was set up, there was almost no big challenge, and there was a lot of media attention and an attractive mass of early adopters," Roth said. ”

"I think email communication is being phased out and Twitter will replace it," he said of Twitter, a microblog blogger. "Twitter has not yet identified a specific profit model, but Evan, co-founder and CEO, said in Wednesday that he is confident about the company's profitability."

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