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Source:CenterNetworks

Online non-financial goods stock market service (phew!) Wigix has announced two new members of their board of directors. Wigix’s Board is led by CEO and co-founder James Chong. Tim Draper, founder of Draper Fisher Jurveston and wall street analyst Bill Burnham have joined the Wigix Board. Earlier this year, Wigix raised $5.35 million in Series A funding, led by Draper Fisher Jurvetson.

Check out our initial review of Wigix to learn more about this unique service. The company is calling themselves, "the world’s first online stock market for all non-financial goods." I see it more like Amazon’s third-party sales with negotiation.

Here are my concerns with Wigix from the review, "The bottom-line with Wigix is whether they will be able to get enough buyers and sellers to move over their inventories from ebay (and other auction sites) to Wigix. Many heavy sellers have enormous switching costs due to the feedback profiles on eBay and the easy Paypal integration."

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This entry was posted on Wednesday, July 9th, 2008 at 11:35 am and is filed under venture capital, Quick News, Wigix. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.