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Companies ranging from Disney to Harley Davidson have gotten their start in a garage and such is the case for several major tech companies including Amazon, Apple, Google, HP and Microsoft. However , eBay’s humble beginnings took place in the San Jose family room of founder Pierre Omidyar, maybe not in a garage.
Started as “The AuctionWeb” in September 1995, the very first item listed was a broken laser pointer which subsequently sold for $14. 83 to someone who claimed to be a collector of broken laser pointers.
The company picked up its first employee by early 1996, changed its name to eBay in September 1997, and hired Meg Whitman as president and CEO in 1998 to help manage the operation’s 30 workers, half million users and revenues nearing $5 million. Whitman, incidentally, left eBay in 2008 and became CEO of HP in 2011.
Although it was often said that eBay originated for Omidyar’s fiancée to trade the Pez candy dispensers that she collected, this is a myth. In the 2002 book “The Perfect Store, ” eBay PR manager Mary Lou Song, the company’s third employee, admitted that she fabricated the Pez story to gain media attention.
Over 25 years later, e-bay remains a force in on the web shopping albeit not a dominant one. It does remain a multibillion-dollar business, headquartered in San Jose, California, employs over 13, 000 people and operates in 32 countries as of 2020.