Well, for those of you that don’t know Google launched “Google Base” a few days ago – of course in the typical Google way “in BETA." Here is a post on Google's blog about it.
It will be very interesting to see how this plays out. To me, it looks like Google wants to own the online commerce/classified world. This could be potentially bad for eBay, Amazon, Craigslist, Yahoo!, and a slew of other companies. Looks like I am not the only one thinking this way. Check out this story at Fool.com.
One of our portfolio companies, ChannelAdvisor, is already supporting Google Base and is seeing some good results.
Here is another interesting post on this topic.
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