Craigslist CEO Jim Buckmaster talks business

Video: David Kirkpatrick of Fortune interviews Craigslist CEO Jim Buckmaster in New York about the popular local classified and commmunity site, which is disrupting offline classifieds and online competitors. Buckmaster cited external reports that Craigslist has more job-related traffic than Monster and CareerBuilder combined. Craigslist is one of the better examples of taking a simple idea and open source software and keeping it simple. The result--200 percent growth in traffic last year without a hiring hordes of sales people and adminstrative staff and decreasing infrastructure costs as it scales.

Fortune's David Kirkpatrick (left) and Craigslist CEO Jim Buckmaster