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I always wondered if people at the time thought it was a good idea or not, because with hindsight, to me it doesn't sound like a good idea. In Founders at Work
by relix 15y ago
I always wondered if people at the time thought it was a good idea or not, because with hindsight, to me it doesn't sound like a good idea.
In Founders at Work you can read how the web-part was an afterthought, quickly thrown together, but got really popular really fast because of eBay. Then they dumped the Palm Pilot part and focused on the web. Good pivot.
- a1k0n 15y agoThey also thought, at the time, that they would "make money on the flow of money", without charging any fees (presumably by investing it and having some sort of fractional reserve scheme going on). That didn't pan out either and they found they could just charge sellers 2% or whatever.