The Dogster crowd did a great job raising money and getting airtime for their angel round. However, one outlet elected to spin Dogster’s success in a way I find disappointing. To wit:
What does it say about the boom in social networking Web sites that the latest one to attract outside investors is devoted not to singles or indie bands but to dogs?
Dogster’s had fifteen profitable months in a row and grew to nine employees purely out of internally generated cashflow. It says that the Internet Bust was an over-reaction just like the Internet Boom was. It says that the Internet is an efficient and profitable way to serve the needs of millions. It says cha-ching, baby.
