21st December 2007
CollegeAdBoard.com provides students with marketplace
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A new website set up by a college student provides a marketplace for students to buy and sell all kinds of things, according to its founder.
CollegeAdBoard.com is the brainchild of Kyle Livesey, who became frustrated when he had numerous text books to sell and no effective way of doing so.
"Kyle's idea is phenomenal. There's nothing like it around," said Ori Segall, president and chief executive officer of the firm that designed the generically domain-named site, according to the North Jersey Herald.
"When he came to me with the idea and I researched it, I was like, how is there nothing out there?"
On the day the site launched, more than 800 people signed up, something Mr Segall saw as a good number for such a website.
The project has been under wraps for four months, with Mr Livesey suggesting he has taken a lesson from American business tycoon Donald Trump by being cautious about who he informed about the project ahead of its launch.
Mr Livesey did not disclose how much he paid for the name CollegeAdBoard.com.
However, another generic domain to benefit students - SavingForCollege.com - was recently sold to online banking firm Bankrate for an estimated fee of $2.25 million, according to CNNMoney.
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