Word: starting
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Dates: during 1990-1999
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eBay is also one of the Internet's greatest financial success stories. It has defied the 11th Commandment: Internet Start-Ups Shall Bleed Red Ink. It's made money from its first month of operation. After only four years, eBay is worth some $20 billion--more than Sears and J.C. Penney combined--and its stock price has surged 25-fold. The rewards for the key players have been lavish. Whitman, after less than two years at the company, controls shares worth about $1 billion. Skoll's net worth is more than $3 billion. Omidyar's 30% ownership adds...
Given that kind of willing audience, e-tailing start-ups emerged in virtually every "space." There are at least nine sites for pets, 17 for toys, six selling luxury goods and about two dozen peddling computers. Jewelry. Beef. Sex toys. Anything you can buy in the mall--and quite a few things you can't--is available online, shipped to your door within days, if not hours...
...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 investors had all the inside information," he says. "What I wanted to do was create a marketplace where everyone had access to the same information." Out of this democratic impulse, the clunky website that would eventually grow into eBay was born...
...personal data, except your shoe size and SAT scores, and the screen freezes on you. Don't think that Mr. Internet has saved anything for you. (If God is a woman, then the Web is a man, silent and indifferent, with a short attention span.) You have to start over. And over...
...Subaru won't start. It won't even turn over. In a flash, Esteban is out of the car and pushing. I'm driving, and he's barking orders, which need to be translated instantaneously by T/N. I have no idea what we're doing. We stop. Esteban, sighing loudly, takes my place, and then I'm pushing. Down the road, and before long we're out of the town and into the dark fields. The road is red from the taillights and slippery and I can't get a grip, but then boom, Esteban pops the clutch...