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Benchmark Part I
Acquired
eBay and Benchmark - What Are They Gonna Do?
In less than two years benchmarks stake grew? 100,000 percent. Why did eBay appreciate so quickly and to put a finer point on that they invested at a 20 million dollar pre money valuation And by the next spring the company was worth 21 billion dollars I think there are a few things the simple answer of is the world and the financial markets woke up to the power of the internet. There's no reason that that company should have been successful or existed yet But unforced errors just kept happening in front of them and they just kept having that open window Yeah, so fun such a fun sidebar and fun to tell it now from the eBay and benchmark side of things.
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