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Edgeio

Edgeio was a classifieds aggregator co-founded by Keith TeareKeith TeareKeith Teare is a technology entrepreneur and investor associated with the founding of TechCrunch, EasyNet and RealNames, and an executive at SignalRank.Open the full entry and Michael ArringtonMichael ArringtonMichael Arrington is an American entrepreneur and investor who founded the technology publication TechCrunch in 2005, created Crunchbase in 2007, sold TechCrunch to AOL in 2010, and went on to found CrunchFund and the crypto-asset investment firm Arrington Capital.Open the full entry. Launched in 2006, it gathered listings from blogs and websites using RSS and ceased operations in 2007.

Contents6 sections
Key facts

Founders and launch

Edgeio launched in 2006 with Keith Teare as CEO and Michael Arrington as co-founder. RSS pioneer Dave Winer served as an adviser.⁠[1]

Product: Aggregating distributed listings

Sellers could publish posts tagged listing on their own blogs or sites for Edgeio to collect through RSS. The service also accepted direct classified submissions, including property listings, and sought distribution through a partner network.⁠[1]

Closure

Edgeio decided to close in December 2007 after spending over $5 million in roughly fourteen months. Contemporary reporting described completed development plans but unmet revenue, user and partner targets.⁠[2]

Founder retrospective: Financing and valuation

In a later Mixergy interview, Teare attributed the failure partly to an overpriced Series A: the business could not secure a Series B at a valuation attractive to new investors, while existing investors rejected a down round. This was his retrospective account.⁠[3]

Related Organizations, Websites, and Public Accounts

Sources

  1. 'Radical' concept in online listings (opens in a new window)
  2. Edgeio Blows Through Funding, Closes Shop (opens in a new window)
  3. Keith Teare on TechCrunch, ambition, and the early Internet (opens in a new window)