Word: founder
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Dates: during 1990-1999
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...Manhattan. Auctions also minimize transaction costs ("friction" in e-commerce-speak) and eliminate the need to operate bricks-and-mortar stores. Online auctions "wring out the inefficiencies in the supply-chain process," says FairMarket CEO Scott Randall. They also benefit from Metcalfe's Law (named after Robert Metcalfe, the founder of 3Com Corp.): the value of a network increases by the square of the number of people on it. Every time a conventional online retailer adds a new user, it's just one more person who can buy its products. But every time eBay adds a new user...
That was the genesis of the Feedback Forum, one of eBay's most distinctive and popular features. Omidyar kicked it off with a Founder's Letter in February 1996 in which he laid out a philosophy that still guides eBay: that people are basically good, that they make mistakes, and that they should be given the benefit of the doubt. "I was afraid it would turn into just a gripe forum, but as I watched it develop, I was amazed to realize that people enjoy giving praise." In fact the feedback eBayers posted about one another was overwhelmingly positive...
Priceline founder Jay Walker says his biggest customers are seniors, college students and parents with small children, who have the impetus to navigate the bidding process for the average $12.75 it will save them on a basket of 10 items. "For some families," he says, "that's the difference between putting meat on the table once a week and three times a week...
...need massive public rallies and demonstrations not just because they look pretty or it's fun to chant, but because that's how you really exercise power and bring large numbers of people [into the campaign]," says second-year law student Aaron D. Bartley, the founder of the living wage campaign...
...conference featured three Harvard professors arguing that the year 1000 was of little significance. Richard A. Landes '71, an associate professor at Boston University and co-founder of its Center for Millennial Studies, argued the other side...