4 ms·
I don't really disagree but it's worthwhile noting that Beanie Babies were the first "killer app" of EBay (from Peter Thiel's "Zero to One: ...", pg 43-44 [0]).
by abetusk 5y ago
I don't really disagree but it's worthwhile noting that Beanie Babies were the first "killer app" of EBay (from Peter Thiel's "Zero to One: ...", pg 43-44 [0]).
> eBay also started by dominating small niche markets. When it launched its auction marketplace in 1995, it didn’t need the whole world to adopt it at once; the product worked well for intense interest groups, like Beanie Baby obsessives. Once it monopolized the Beanie Baby trade, eBay didn’t jump straight to listing sports cars or industrial surplus: it continued to cater to small-time hobbyists until it became the most reliable marketplace for people trading online no matter what the item.
[0] http://morfene.com/021.pdf http://morfene.com/021.pdf