Kudos: www.kiko.com

So a while back, Kiko - the online calendar - was listed on eBay with a starting bid of $50K. 7 days later the website (and database of members) sold for $258,100. For more information, click here.

The winning bidder: Silicon Valley, self proclaimed "early-stage venture capital" firm YCombinator. For those that aren't familiar, YCombinator offers an "entrepreneurs bootcamp" geared towards "hackers" and computer wizards who might lack the business acumen to know how to pitch to investors, manage finances and garner interest outside of the computer-wizard world. Ycombinator also does two rounds of venture capital funding: Spring (deadline sometime in March) and Fall (deadline October 17th).

The winners receive:

• Up to $24,000 - YCombinator's interests are not in getting you completely off the ground, but are more in providing the basic needs (housing, office products etc) so ideas can grow without folks feeling like they still have to pay the bills.
• A possible invitation (acceptance is REQUIRED if offered) to attend the entrepreneur bootcamp
• A possible invitiation (acceptance is REQUIRED if offered) to pitch to some of their buddies (other Venture capitalists with deeper pockets, up to several millions)
• A cool t-shirt (I'm kidding)
  

Which leads to the question:

WHY?!? What do they have up their sleeve?