Word: alls
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Dates: during 1990-1999
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In the great Silicon Valley divide between techies and money people, Omidyar admits, he's a classic technowonk. A computer buff in high school and a computer-science major at Tufts University, he fit all the stereotypes. "I was the typical nerd or geek," he says. "I forget which one...
In 1995, and on his way to becoming a millionaire from a pre-eBay start-up, Omidyar was captivated by the still nascent Internet. Living in Silicon Valley, where companies were going public daily, he was troubled by how imperfectly the financial markets seemed to be operating. "Institutions and large...
Omidyar seems to realize that given his anticorporate values, it's more than a little ironic that he's one of the richest human beings on the planet. And clearly he's uncomfortable with his wealth. "What one person needs, and what one family needs and all of their future...
Moreover, eBay has exposed America as a nation of collectors. Matchbook covers, cast-iron witches' cauldrons, Pez dispensers, pneumatic grease pumps from the 1920s, Three Stooges memorabilia--you name it, some American somewhere collects it. "We define ourselves by our stuff," says Robert Thompson, president of the Popular Culture Association...
Economists get dizzy thinking about this. It is all so scalable. Add a few servers, a dozen more Web pages, a couple more customer-service reps, run your traffic up another digit, expand into new product lines and sell a hundred thousand more books or CDs or power tools. This...