Headquarters: Oakland, Calif.
Launched: March 2012
Mission: Make auctions interactive and fun.
Traditional auctions are outdated, according to new startup Outbid. The Internet auctioning service allows people to auction off anything they'd like in real-time.
Here's how it works: Schedule your event and invite people to RSVP for what Outbid calls "a live interactive party that you control." There's a gamification element: As soon as a person bids, a countdown clock resets, allowing other users to keep bidding. The live element lets the auctioneer interact with their friends and people looking to buy items.
The idea stemmed from Copart CEO Jay Adair, whose automotive auctions company funded Outbid. Typical items up for auction include jewelry, art and sporting goods.
A venture capitalist's quest to capture whale song gave rise to an innovative fleet of data-gathering robots.
|Big protests are coming to Hong Kong's financial district|
|Why I left a job in finance to play video games|
|Why Buffett's son bought Rosa Parks' papers|
|Slow Comcast speeds were costing Netflix customers|
|Malaysia Airlines slashes 6,000 jobs in major restructuring|