MyThings is a service that allows users to create an online portfolio of valued belongings.
We reviewed iTaggit earlier this week; MyThings operates in the same space. Both provide personal asset management although MyThings is the more extensive offering of the two; MyThings took $8million from Carmel Ventures and Accel Partners in May 2006 and the funding shows.
MyThings offers a integrated one stop shop for collectibles. Items can be included in the database, with tags and pictures. Once listed users are able to obtain a valuation for the item, buy (or extend) the items warranty, purchase insurance, sell the item on eBay and even donate am item to a worthy cause. MyThings also includes an extensive database of items reported lost and stolen from the world of art, antiques and collectibles; MyThings users are able to add stolen items to the database at any time and likewise the service is able to screen new submissions for items that may have been stolen.
The company has offices in Menlo Park, London and Tel Aviv, delivering a global product with a lot of appeal. Perhaps my earlier assessment of the space (in the iTaggit review) as being niche was unwarranted; the extensive user collections listed on MyThings would indicate that listing collections online may actually be a hot vertical.