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almost two years ago and its been up on the Internet for almost a year and a half. It has a huge number of users and is growing very quickly.
But del.icio.us needed some things that Joshua could no longer provide in his spare time (nights and weekends).
Seth Goldstein thought Joshua could use some capital and introduced us to him.
Joshua needed capital for the two major priorities.
The first is scale. The service is taking off and it needs to be configured like the popular web service that it has become. That means boxes, bandwidth, redundancy, etc. That costs money.
The second is ease of use. That means tweaks to the user interface that make the service easier to use for non-techies. That means new features that users have been asking for. That means spending time writing code, testing it, making the service work better for its users.
Joshua's hope is that by dedicating himself full time to the service it will become better for its faithful users and better for new users. That feeds right back into the community because more tags means more shared information which is what this is all about.
The question everyone asks is "what is the business model".