Speaker unverified: uncertainty

Transcript context

…Yeah, huge. Yeah, huge. I went out and met him through that. He really wanted to do Revision3. He was the first check in the Revision3 to create that content. It was awesome that Jay supported us back in the day, but he told me to get rid of Digg. He thought it was a distraction to Revision3 and he was like, oh, you should sell it. Dude, just focus on Revision3. This is our thing. I put money into this, we need to focus on this. I was like, Jay, you don't understand. Digg is going to be big, it's growing. We can do both. Eventually, about three or four months later, Jay was like, oh, I see. Yeah, it is growing quite a bit, and I was like, hey, how about I give you some equity? Would you come on and run this? I don't know anything about raising from venture capitalists. I've never done it before. You've clearly been down this path. You've taken a company public. You can help out here. I give him some equity, a few percentage points of the company. He then built out the right legal folks to work with and brought them on board. I had formed the company using one of these—there was no Rocket Lawyer at the time, but it was like a Rocket Lawyer-esque type thing. The docs were all done wrong. I didn't have any board meetings or meeting notes. It was all jacked up. We had to have the docs all redone. Jay was very good at helping correct a lot of the mistakes that I had made early on. But he didn't actually come on until six or seven months later after there was some real momentum there. There's a thing that I've referenced and you've referenced here, which is Web 2.0. What did that mean to you at the time?…

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