Winner of Edgeio auction another Web loser
Tim Faulkner · 12/21/07 04:00PMThe main thing anyone ever knew about Edgeio, an online classifieds startup, is that it launched Michael Arrington's career at TechCrunch. Desperate to find out more information about this "Web 2.0" thing he kept hearing about, Arrington started blogging, and eventually left Edgeio, swapping a 10 percent stake in TechCrunch for a 10 percent stake in Edgeio. Arrington's stake is now worthless — which I think would actually make Teare the savvier businessman here — and Edgeio's assets have been sold at auction.