edgeio, 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 website 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 website, 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 tough to penetrate. Every major portal has classifieds of some sort and each has its own niche. craigslist and Rent.com dominates the market for real estate. Monster.com dominates job listings. Cars.com dominates the used car market.
