eBay started with a core focus on the collector. At the time of its S-1, six or seven percent of its total sales were Beanie Babies.
Sentiment: NEGATIVE
Nowadays people talk about PayPal's founders as prescient geniuses who would inevitably change the world. It was, however, not so obvious that PayPal would taste its first major success by helping people sell Beanie Babies on eBay. But they had a vision, a hope, and the perseverance to try multiple iterations until they got it right.
Although eBay is a fantastic tool for collectors who want to buy or sell, you really have to have knowledge of items before you embark.
Guess what? The world changes. eBay has defined e-commerce.
It's easy to forget the ever-plodding eBay with all the noise made by the more lithe and lively Web 2.0 companies.
I bought tiny infant onesies while still in college and compiled a killer toy collection throughout my 20s and 30s.
What makes eBay successful - the real value and the real power at eBay - is the community. It's the buyers and sellers coming together and forming a marketplace.
eBay's business is based on enabling someone to do business with another person, and to do that, they first have to develop some measure of trust, either in the other person or the system.
EBay is a great company. There are a lot of good assets and good customers, and the U.S. people love it.
The first time you went to eBay, you probably didn't do a transaction.
Kids don't know about best sellers. They go for what they enjoy. They aren't star chasers and they don't suck up. It's why I like them.
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