Priceonomics Raises $1.5M Seed

Michael Ovitz is among the angel investors in the latest $1.5M seed round for Priceonomics, a Y Combinator Winter 2012 startup.  Funding was spearheaded by Andreessen Horowitz, SV Angel, Spirit Capital, and others.

Priceenomics is "building a smart, curated catalog of all the products ever made...  It identifies an item, and then crawls the web looking for every price it's being sold at second-hand.  It then gives you a suggested price you should be willing to pay, plus an acceptable range and how the price has changed over time.  It then links to eBay, Craigslist, and other places where you can buy the product."

The site saw 250,000 page views in March and is still growing traffic by a brisk 65% every month. Promptly after Y Combinator demo day Techcrunch named it one of the best in class, and it only took 10 days to close the round.

If you are interested in the relationship between Andreessen Horowitz, founder of Netscape, and Michael Ovitz, check out Andreessen's interview of Ovitz on Kara Swisher's blog on All Things D, 'When Marc met Mike: Andreessen Interviews Ovitz', a great video we've featured here before that includes numerous anecdotes from Ovitz's storied career.

Read the entire TechCrunch article, 'YC Price Guide Startup Priceonomics Raises $1.5M Seed From Andreessen Horowitz, SV Angel', here.