Recent Blog Posts
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MSNBC.com "Knows a Trend When It Sees One"
Nov 23 20094:11 pm EDT -
Windows 7 Spin May Be on the Money
Nov 23 20098:44 am EDT -
Mapping Company Raises Millions
Nov 20 20094:09 pm EDT -
Facebook Valuations Are All Over the Map
Nov 20 200911:30 am EDT -
The Future of Tech, 2010 Edition
Nov 20 20099:13 am EDT -
Automatic Pancake-Making Machine Attracts $2 Million in Capital
Nov 19 20094:53 pm EDT -
Apple Talk of Microsoft's Annual Meeting
Nov 19 20091:27 pm EDT -
There Is Still Hope for the News Business
Nov 19 200911:50 am EDT -
The Google Phone May Be Near
Nov 18 20094:10 pm EDT -
Amazon Grocery Service Goes Mobile with iPhone
Nov 18 20099:13 am EDT
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- SciTech Daily

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An Internet Parking Market: Brilliant!
The Internet's great successes are all about making something far more efficient than it ever was before. And this is where ParkingSpots.com comes in.
Owning an inner-city parking space could be an inefficient cost sinkhole. You spend a few hundred dollars a month to rent a spot to put your car at night, then drive it to work and it sits empty during the day. Meanwhile, thousands of people drive into your part of the city and pay boatloads of money to park their cars in parking garages...which are generally empty all night. How silly!
Parking rates keep rising, hitting a median of $150 a month -- and a high in the U.S. of $925 in Manhattan. (London is the worst in the world, at $1200 a month.)
So the Internet says: Why not create an efficient marketplace for parking spots? If you live in the city, you list your spot and let people bid on it to park there during the work day. Two Toronto-based companies are giving that a whirl. ParkingSpots just launched. ParkingHunter has a little head start. Neither may turn into the ultimate solution, but the real fun is that both found a fascinating hole in the market and are attempting to fill it in a way that could not have happened before the Net.






