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4min chapter
Benchmark Part I
Acquired
What's the Deal With eBay?
ebay founder pia was a full-time employee at general magic when he created the site. He brought on jeff pesos who is a newly minted mba from stanford business school to come in and be the quote unquote business guy meaning literally like Open the checks and cash them It is funny that if pia hadn't needed To pay for the server costs there's a really good chance this could have gone the way of the liddox foundation or craigslist. But instead that became the it company for a generation Think about the way we think about fangs today in the early 2000s in late 90s That's how people thought about ebay totally.
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