Web 2.0 Classifieds Search Site Edgeio receives $5 million in Venture funding

[mandy]

Edgeio, a Menlo Park start-up trying to redefine the way people list classifieds, has raised $5 million in a first round of venture capital, and may raise more...

The idea behind Edgeio is audacious because it seeks to do an end-run around the incumbents like Craigslist and others, by letting people bypass them entirely...

Edgeio is betting that becoming a “meta” classifieds site will make it a superior search engine in the long term.

Here’s how Edgeio works: It lets people, from the home owner listing their home, to a car owner selling their car, to post their listings on whatever Web site they want — their own blog, for example — and Edgeio then goes out to find it and lists it at its own site automatically...

full article: http://venturebeat.com/2006/10/23/edgeio...fieds-site