Multiple sites now exist so you may quickly create a widget, create a more complex widget, or simply wrap your widget in their code and distribute. The benefits range from creating a quick simple widget to obtaining detailed statistics about the number of views for your widget, your widget is placed, and more.
Another benefit is the fast and easy manner these services provide to allow others to share with a friend or post to any number of social networks and sites, even Facebook.
One such site is WidgetBox. Below is an example of a simple widget created at WidgetBox to show the most recent articles posted on Venture Capital Update. You can modify the size, color, graphics, and whether the articles have text and/or graphics. Code to add it to any number of social networks or a site is provided also. I choose the size below as it fits in most individuals side columns or wordpress columns.