Ebay started as auction web in 1995 by Piero Midiar, didn't turn into a real venture back company and changed its name to eBay until 1997 after Amazon was already public. benchmark invests 6.7 million in eBay in the fall of 1997; they own like 25% or something of bear assumption. But eBay goes public in September of 1998 at a $2 billion market cap.

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