online auction site, originally intended for trading Pez dispensers
went public on September 21, 1998
acquired PayPal on October 14, 2002
Things I learned from The Perfect Store
Pierre Omidyar was already a millionaire.
In the early days, buyers had to send checks to sellers, then wait for the check to clear, before stuff was sent to them. And EBay got paid by check (and cash) also.
They were Cash Flow Positive from the beginning.