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Web Start-Up for Sale on EBay

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From Bloomberg News

The co-founder of Kiko, an online calendar, is selling his website on EBay four months after Google Inc. introduced a competing product.

Bids start at $50,000 for the Kiko.com Internet address and computer code. The auction closes Saturday, co-founder Justin Kan said.

“Someone else made a product that was more successful at attracting users,” Kan said. “I don’t feel like we got an unfair deal or anything like that. We tried our best.”

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The sale highlights the effect that Google, the most-used Internet search engine, can have on companies when it moves into their markets.

Mountain View, Calif.-based Google introduced its online calendar in April, almost a year after Kiko’s debut August 2005.

On the Web, bloggers were speculating about whether Google Calendar killed Kiko and whether the sale signals an end to a boom in Internet start-ups.

Kan, 23, started Kiko with a friend, Emmett Shear, as an undergraduate at Yale University. The site never generated any revenue. Kan had planned to make money by selling space on the site to advertisers.

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