Investors Are Drooling Over Two New Craigslist Competitors. One Might Raise $100 Million.

Two new start ups OfferUp and VarageSale, have a similar mission to take down craigslist. Both these companies make mobile apps that people use to quickly buy and sell stuff from other people who live in their towns. OfferUp is in the process of raising an investment round that could fetch between $60 million and $100 million. Both OfferUp and VarageSale have secretly raised money from two of the biggest names in venture capital — Andreessen Horowitz and Sequoia Capital. Read More>>

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