I have been a huge fan of eBay since the moment I first found it (back in 1997 or so). It truly was the world changing marketplace because:
It quickly gained critical mass with worldwide populations of buyers and sellers.
The auction format is easy to understand and allowed the market to determine the prices.
It was an early web 1.0 company that thrived after the dotcom bust of 2001.
Over the years, I have seen both start ups and established companies launch would be competitors to...
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When I was 10 or 11 years old (around 1985), I remember going to the local baseball card store with my friend Adam. He was gung ho to buy some older card of Steve Carlton and he told his father how much it would cost and how much he thought it was worth. It followed with the following back and forth:
Adam’s father: “Why is that card worth $15?”Adam : “because the printed price guide book says so”Adam’s father: “Why does that matter? What if I told...
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