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Sure, it may be obvious to point out that location-based services (LBS) are growing in popularity and may be a great gravy train for young entrepreneurs to hop on, but the recent evolution of the platform has broadened the opportunities for startups. With the opening of Google Latitude’s API earlier this week and other developments in the mobile space in recent months, the number of niches for startups to fill is quickly expanding. Sponsor This week, much of the Google I/O talk centered around Google’s new open source video codec WebM and their fancy new Google TV product, but some interesting location news came from the event as well. Google’s location tracking service Latitude now features a robust API on which startups can build products that leverage its technology

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