Classifieds Site, Edgeio Auction Beginning at $250K

edgeio logoedgeio, a website that was co-founded by Michael Arrington of TechCrunch is selling its assets for a starting bid of about $250,000.  edgeio will be remaining operational until the auction closes and is giving updates via its wiki page.  edgeio was a classifieds web site that found itself attempting to compete among the likes of craigslist.

The assets of edgeio include the help from two of the founders in transitioning the service, the web site, the live service, the technology, and the patent and trademarks.  TechCrunch has been using it to power its job board subsidiary, CrunchJobs.

The classifieds Internet market is a tough to penetrate.  Every major portal has classifieds of some sort and each has its own niche.  craigslist and dominates the market for real estate. dominates job listings. dominates the used car market.  It comes to no surprise that something as broad as edgeio would find itself struggling against the conglomerate niches.

At one point earlier this year, Shan and I put together a similar site called JobAcquire that had the similar functions as craigslist and looked as aesthetic as edgeio, but decided that the market was just way too saturated.  Taking these companies head-on is challenging and requires full attention.

It was a good try for edgeio.  Sometimes you just have to take on the big boys head-on to make it in the Internet world like YouTube did against Google Video and Facebook did to MySpace/Friendster.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at

Classifieds Site, Edgeio Auction Beginning at $250K Comments

  1. Giovani Spagnolo says:

    I think the auction is not the best move for edgeio. Here is my opinion to EDGEIO investors…

    Instead of doing an auction and practically killing what could be a successful classified advertising platform you could do a very important move for the web2.0 history: release it under the *new* FSF GNU Affero GPLv3 license ( – please read about that.

    Why? Because this license extends the rights of the “normal” gpl to remote web users, which means that if anyone improves edgeio and makes it available online, they should provide a link to the new source code, thus generating a positive improvement cycle on web applications (just like gplv2 did for desktop applications years ago).

    That’s amazing now, because as you might know, successful free softwares are mostly “generic” platforms serving different markets (openoffice, firefox, mysql, pidgin, gimp…), and edgeio has yet no parallel in the free software world (just a matter of time tough).

    This combination could lead edgeio to a renaissance in the hands of passionate developers willing to improve the system, and would enable current users to stick with their current system (maybe ask for donations – build a foundation like mozilla does) and prevent advertisers from running away before the auction finishes. Along with this changes, the need to provide support and related services will come (if still your interest or interest of your past employees) or – at least – you’ll just get some free publicity (which will probably worth more than $250,000) and a very good image around the world for your future startups.

    I hope the investors think about it seriously…
    Best Regards,

    Giovani Spagnolo

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