Live-Documents.com : MS-Office Killer

Sabeer Bhatia was the co-founder of Hotmail, the Web email service Microsoft acquired for $400 million in 1998. Now, Bhatia wants to bite the hand that fed him. He formed a new company, InstaColl, and is joining Zoho, ThinkFree, Google, Yahoo (Zimbra), Adobe and lesser know others in the effort to squish Microsoft Office with a new suite and complementary collaborative component, Live Documents.

Live Documents is a set of Flash-based Office 2007-like applications and also embeds collaborative capabilities and adds online/offline synchronization into Microsoft Office documents.

Bhatia said, “We are just a few years away from the end of the shrink-wrapped software business. By 2010, people will not be buying software. This is a significant challenge to a proportion of Microsoft’s revenues.”

(via ZDnet.com)