Jason Calacanis, founder of blog network WebLogsInc, is putting up a $10,000 cash prize (or $50,000 in advertising) for a blog search engine that is way better than Technorati and adheres to all of the points he has outlined in his blog.
He made his point clear and asks everyone else to challege Technorati with its Top 100 A-List of blogs. Well, why not Top 500? Maybe someday we’d see one pinoy blog on the A-list too. 
IMHO, The Truth Laid Bear project is a nice place to start with? Any developers out there interested in Calacanis’ $10k?
Off the top of my head on what you’ll need:
a. 1 web site for user registration
b. a spider bot to do the trawling at the registered site.
c. 1 dsl connection (99.99% uptime)
d. 1(? or more) dedicated PC to do the trawling and analysis of all that data.
e. one kick-ass algorithm to do the ranking.
f. one great marketing team.
did I miss out anything?
this list is open source, feel free to edit
Twitter: mparazgmail.com
says:
You don’t need “f’ – just make Calcanis happy and he’ll market it for you. What you did miss out the secret sauce – the algorithm. I hope someone from a third world country – if not a Pinoy – gets it.
I think, if you make it good enough, you wouldn’t need his money…
That would be something akin to a paradigm shift, like how google came up with the way to rank sites based on the no. of sites linking back to it.
As for the algorithm, it would be best to keep it a secret and discuss it in more private forums
…
this would be a great thesis topic for some masteral or doctorate’s out there…
There’s BlogPulse and IceRocket already. A better one wouldn’t hurt though.