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eBay Rival Sells Itself on eBay

by Terrence O'Brien on June 28, 2007 at 01:01 PM

Rival Auction Site Sells Itself on eBayOh irony, how we love you so. And really, what's more ironic than an auction site, created by two disgruntled eBay users, selling itself on eBay? Not much my friend, not much.

Peter Michaud and Jeff Ramaglia, founders of Mighty Bids, have hopped on the trend of selling your Web start-up through eBay, following in the footsteps of online calendar service Kiko, and German Twitter clone dukudu. Mighty Bids was created by Michaud and Ramaglia out of frustration with eBay's fees, which users are charged whether an item sells or not.

Michaud has stated that listing his own auction site on the Goliath of auction sites was primarily a marketing decision. "It's getting a lot of attention and puts them to the test." To us though, it almost seems like admitting defeat.

Michaud claims that he just wants to move on to a new project. However, Rosalinda Baldwin of the Auction Guild watchdog group asserts that Might Bids isn't worth much more than the cost of the domain name, $9, which has fueled suspicion that Michaud is simply getting out before the whole thing goes belly up.

From USA Today

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Tags: auction, ebay, mighty bids, MightyBids, start up, StartUp

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