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September 01, 2020 10:27am
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Will the Real “eBay of Social” Please Stand Up? (TCTV)

In the venture business being ahead of your time can be almost as bad as being late to a market. But the other great thing about the venture business is there are exceptions to every rule. Craig Denato is hoping that Oodle is the exception to that one. He's spent more than ten years building a social classified company, powering the marketplaces for Oodle.com , MySpace and Facebook and growing to more than 14 million unique users. It's backed by some of the smartest investors on the Web like Reid Hoffman and David Sze from Greylock , who both invested in Facebook and LinkedIn so they know a thing or two about the social graph. Now one of Facebook's other hot venture capital investors, Accel Partners , has funded Yardsellr which claims it'll be the "eBay of Facebook;" meanwhile Groupon's runaway success has made everyone reevaluate social shopping. So what does all that mean for Oodle? For one thing, the company isn't slowing down.
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