Yesterday Revision3 co-founder Jay Adelson spoke at the Failcon Conference in San Francisco on the subject of failure – not that of his current company, which celebrated its fifth anniversary in May – but of his previous venture, Digg, which he left in April 2005 after supposedly turning down multiple offers to sell. When he opened the floor to questions from the audience Adelson had to react, in real time, to some unsettling news: an audience member had just read in TechCrunch that Digg laid off 25 employees – that’s 37% off its staff.
