Let me guess, Jason Calacanis had a 3-year non-compete, right?

Why do I say this:

- AOL bought Weblogs in early October 2005.

- We’re now October 10 2008.

- By turning his latest venture Mahalo into a “live blog / news service”, Mahalo is now pretty much like Weblogs, no?

That, or the weight of a $16M investment on a $100M post-money valuation is forcing them to add new tactics to the gameplan.

What do you think?

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