What's the Deal With eBay?

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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.

Benchmark Capital. We tell the tale of the legendary equal partnership that accomplished something no other venture firm can claim: twice it has produced the highest returning fund of its cycle, each time with a 100% different GP lineup. If ever there were a playbook for successful generational transfer of a generational-defining venture firm, this is it. We spend 3.5+ hours digging into how the dotcom “eBay eBoys” transformed into the rockstar Fab Four of the Uber, Instagram and Snap mobile gold rush (spoiler: not by a straight line!), and what the future holds for Benchmark’s next GP generation. If you’re a student of the venture game from any angle — founder, GP, LP, etc — this is a story you need to tune in for!

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