
Vast has launched with an interesting approach and business model to vertical search, based on an extremely open API and liberal terms of use.
All of their vertical search data is available in XML feeds that can be integrated into any site, any even high volume commercial ones. No written permission is required for this use, except for sites that are themselves crawler-based.
Their business model will be based on embedding advertisements within the feeds, and (I would speculate) also on manipulating the order of ads. (I can imagine Intel bidding against AMD for preferential sorting within the jobs feed.) When they get around to including ads and figuring out the financial model, they plan to share revenues with their partner publishers.
In effect, Vast is commercializing the idea of mashups, relying upon other sites to integrate their functionality and expose it to large audience. They are moving business relationships, advertising, and monetization to the tail end of the process once they’ve obtained critical mass.
In some ways, this approach is antithetical to that taken by Google, in which their is always a clear delineation between ads and content, and in which there are strict limits on how their API can be used that give Google a great deal of control. (The Google API is limited to 10,000 hits per day and non-commercial use.)
In a world of mashed up content and ad stripping technology, it seems inevitable however that some blurring of ads and content will happen.
Vast also has an interesting blog that has some helpful background. The title of the initial post, “Something Vast this Way Comes”, seems to be a play on Google’s “Do no evil’ by way of Something Wicked This Way Comes.