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Pierre Omidyar Founder and CEO of eBay By Cameron Poe

Pierre Omidyar

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Pierre Omidyar. Founder and CEO of eBay By Cameron Poe. Birthplace. - Pierre was born in Paris, France on june 21, 1967. - As a child, Pierre moved to maryland with his family at age six. His mother, Elahe Omidyar, had a doctorate in - PowerPoint PPT Presentation

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Page 1: Pierre Omidyar

Pierre OmidyarPierre OmidyarFounder and CEO of eBay

By Cameron PoeFounder and CEO of eBay

By Cameron Poe

Page 2: Pierre Omidyar

BirthplaceBirthplace

• - Pierre was born in Paris, France on june 21, 1967.- Pierre was born in Paris, France on june 21, 1967.

• - As a child, Pierre moved to maryland with his family - As a child, Pierre moved to maryland with his family • at age six.at age six.

His mother, Elahe Omidyar, had a doctorate in His mother, Elahe Omidyar, had a doctorate in - linguistics at sorbonne and is a well known academic. linguistics at sorbonne and is a well known academic. - His father was a surgeon.His father was a surgeon.

Page 3: Pierre Omidyar

Education and workEducation and work

His first real interest in computers began in the His first real interest in computers began in the 9th grade. Pierre graduated from Tufts University 9th grade. Pierre graduated from Tufts University in 1988 with a degree in computer science.in 1988 with a degree in computer science.

With his degree, he went to work for a company With his degree, he went to work for a company that developed Macintosh software.that developed Macintosh software.

The company was called Claris, where he helped The company was called Claris, where he helped write MacDraw.write MacDraw.

In 1991, Omidyar co-founded Ink Development, In 1991, Omidyar co-founded Ink Development, a pen based computer startup. Today it is called a pen based computer startup. Today it is called eShop.eShop.

Page 4: Pierre Omidyar

Starting eBayStarting eBay

When Pierre was 28, he sat down over a long When Pierre was 28, he sat down over a long holiday weekend and wrote the original holiday weekend and wrote the original computer code, for the auction site.computer code, for the auction site.

The site was Launched labor day, September The site was Launched labor day, September 4th, 1995.4th, 1995.

At first, Pierre wanted to call the site At first, Pierre wanted to call the site ““echobayechobay”” but that had already been taken. He came up but that had already been taken. He came up with the name with the name ““eBayeBay”” which became very which became very popular.popular.

In a matter of days, eBay became worth In a matter of days, eBay became worth millions.millions.

Page 5: Pierre Omidyar

Signs of SuccessSigns of Success

The first item sold on eBay was a broken lazer The first item sold on eBay was a broken lazer pointer. It was sold for $14.83. Pierre was pointer. It was sold for $14.83. Pierre was shocked that the bid went for that much, even shocked that the bid went for that much, even though he knew it was broken.though he knew it was broken.

By 1996 the company grew large enough to By 1996 the company grew large enough to hire the skills of a Stanford MBA in Jeffrey Skoll. hire the skills of a Stanford MBA in Jeffrey Skoll. and Meg Whitman, a Harvard graduate, soon and Meg Whitman, a Harvard graduate, soon followed as president and CEO.followed as president and CEO.

In 1997, benchmark capital invested 6.5 In 1997, benchmark capital invested 6.5 million in eBaymillion in eBay’’s future.s future.

Page 6: Pierre Omidyar

FactsFacts

Omidyar started eBay as a hobby, not knowing Omidyar started eBay as a hobby, not knowing what that it would become the worlds largest what that it would become the worlds largest trade community.trade community.

eBay has 233 million registered users.eBay has 233 million registered users.

eBay is a website where anyone can auction, eBay is a website where anyone can auction, sell, or buy new or used products.sell, or buy new or used products.

Today, Omidyar is the 145th richest man in the Today, Omidyar is the 145th richest man in the world.world.

Page 7: Pierre Omidyar

First IdeaFirst Idea• Omidyar was intrigued by the technical Omidyar was intrigued by the technical

problem of establishing an online venue for problem of establishing an online venue for direct person-to-person auction of collectible direct person-to-person auction of collectible items. He created a simple prototype on his items. He created a simple prototype on his personal web page, and launched an online personal web page, and launched an online service called Auction Web as a sole service called Auction Web as a sole proprietorship on Labor Day weekend in 1995. proprietorship on Labor Day weekend in 1995. The business exploded as correspondents The business exploded as correspondents began to register trade goods of an began to register trade goods of an unimaginable variety.unimaginable variety.

Page 8: Pierre Omidyar

• - - Pierre was born in Paris, France on june 21, Pierre was born in Paris, France on june 21, • 1967.1967.

• - As a child, Pierre moved to maryland with his - As a child, Pierre moved to maryland with his • Family at age six.Family at age six.

• Pierre graduated from Tufts University in 1988 Pierre graduated from Tufts University in 1988 • with a degree in computer science.with a degree in computer science.

• The site was Launched labor day, September 4th, The site was Launched labor day, September 4th, • 1995.1995.

• In 1997, benchmark capital invested 6.5 million in In 1997, benchmark capital invested 6.5 million in • eBayeBay’’s future.s future.