

The
True Story of Pierre, the founder of eBay: Pierre Omidyar's
Broken Laser Pointer Number of Bids :
Unknown Winning Bid :
$14 End date: Late
1995 In the very early days of eBay,
when the site was known as Auction Web, Pierre Omidyar
decided to sell a broken laser pointer on the site as an
experiment. He had purchased the laser pointer on a whim, and
had only used it as a cat toy. Unfortunately, it broke after
just two weeks. So, he listed it for sale as a broken laser pointer,
noting that he had paid $30 for it just two weeks before.
When it sold for $14.00 (to a buyer who wanted to take it apart),
Pierre knew that the creation of eBay's Auction Web was a good
idea.
Our obvious conclusion : Indeed it is true, one man's trash
is
another man's
treasure! What is "junk" to you may
be "priceless" to
me!