The site personified the adage, “One man’s trash is another man’s treasure.”įast forward through several acquisitions, rebrandings, and decades of growth, and we arrive at the eBay we know and love today.īut whether you’re looking to build an eCommerce empire on eBay or you’re just a casual seller, there are certain items you should never list on eBay. AuctionWeb became the ubiquitously-known eBay, and a mere two years later, the explosive startup received a cool $6.7 million in funding. This momentous transaction opened Pierre’s eyes to the untapped power of a public digital auction house. ![]() It sold for $14.83 to - believe it or not - a collector of damaged laser pointers. That’s the first item that Pierre Omidyar sold on his pet project website, AuctionWeb, in 1995. ![]() ![]() It all started with a broken laser pointer.
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