VCs Pump Money Into eBay Rivals Like Swoopo (paidContent.org via Yahoo! Finance)

Look out *eBay*—VCs keep lining up to invest in your competitors. The latest auction site is Swoopo, which has nabbed $10 million in a second round of funding. August Capital led the round, bringing the startup’s total raise to $14 million; its first round was from Wellington Partners in 2006.

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