AOL answers your questions with Yedda

Following the success of Yahoo! Answers in the Q&A market, AOL makes it as a runner up and buys Israeli start-up Yedda.

AOL playing catch-up? Well, in a space where Google had once treaded and failed, and where Yahoo is succeeding there might still be room for another player. Only recently had professional networking site LinkedIn introduced Answers did people realize how important a Q&A market could be (in terms of gathering quality head count). And it looks like it’s getting hot.

Just over a year old, the Israel-based startup Yedda has already amassed an estimated 800k users after receiving a $2.5 Million venture capital. Details of the acquisition were not shared.

Q&A services like these aren’t just a numbers game. You will also need a good ration between those who asks the answers and those who answers them. The only factor that would separate one service from the rest may be based on how many brilliant people are actively participating in the community.