Former Yahoo employee Andy Baio got his hands on and tweeted a leaked slide from a Yahoo Product Team meeting earlier today that confirms Yahoo’s plans to sunset the site within the next few months.
Dicious was fouded by Joshua Schachter in 2003. I’ve been a member since 2004, so, for me, this news is sort of depressing. Still probably not as depressing as it is to the 700 or so people who got laid off.
The precursor to Delicious was Muxway, a link blog that had grown out of a text file that Schachter maintained to keep track of links related to Memepool. In September 2003, Schachter released the first version of Delicious. In March 2005, he left his day job to work on Delicious full-time, and in April 2005 it received approximately $2 million in funding from investors including Union Square Ventures and Amazon.com. Yahoo! acquired Delicious on December 9, 2005. Various guesses suggest it was sold for somewhere between US$15 million and US$30 million.
Del.icio.us, as it was then known, was pretty well ahead of its time. While it’s commonplace these days for our information to live in the cloud, it was a pretty unique concept that you could save and share bookmarks to your favorite content on the web and literally access those bookmarks from anywhere.
Once Yahoo acquired the site in 2005 they didn’t seem to throw much if its weight behind the project, managing aonly to piss off some of the more die-hard users who were upset that the Yahoo acquisition was the beginning of the end.
January 2006 — More to the point, some users are concerned, despite the apparent reassurance from Zawodny and Schachter, that innovation will slow down at del.icio.us as the company has to deal with the general corporate bureaucracy at Yahoo! Another concern expressed by some users is that, as more people use del.icio.us and the service becomes more “democratic,” the actual quality of the content will go down. At the very least, it is possible that a flood of less technologically-oriented users to the service will push out current users, thus changing the general nature of the community. [Emphasis is mine]
Hate to say we told you so…but, we told you so.