eBay, every mention
155 scenes · ← back to eBay
tap a year for its mentions
every year anyone David Rosenthal 90Ben Gilbert 47Brinton Johns 3Mark Zuckerberg 2Doug DeMuro 1Chenyi Shi 1Anthony Gonzalez 1
Verbatim, from the transcripts: the passages where eBay comes up
Amazon.com · Acquired
- ▶ 2:17:54 Ben Gilbert And I think his realization is, okay, if eBay has grown really fast and there's a way to get something rarer or cheaper or something, we kind of have to be in business doing that too.
- ▶ 2:18:19 David Rosenthal We're gonna start a secret project to clone eBay within Amazon.
- ▶ 2:18:26 Ben Gilbert And it's not like we're gonna, like, learn from eBay and apply it to our business, go for a different segment than eBay, or, like, do auctions differently.
- ▶ 2:18:33 Ben Gilbert We're gonna go directly at eBay doing exactly what they're doing.
- ▶ 2:18:46 David Rosenthal So Amazon starts working on Amazon auctions, literally exact clone of eBay.
- ▶ 2:18:52 David Rosenthal Now eBay did not have PayPal at this point in time.
- ▶ 2:18:57 David Rosenthal So paying on eBay was this huge source of friction and a huge advantage for Amazon.
- ▶ 2:19:04 David Rosenthal Of course, Meg and Pierre, they're not dumb at eBay.
- ▶ 2:19:10 David Rosenthal They couldn't, you know, solve payments on eBay.
- ▶ 2:19:24 David Rosenthal eBay is talking to a startup called accept.com and wants to acquire them to handle payments on eBay.
- ▶ 2:19:34 David Rosenthal And Amazon steals the deal and acquires accept.com mostly so that eBay doesn't get it.
- ▶ 2:19:48 David Rosenthal Yeah, eBay can't do this yet.
- ▶ 2:20:07 David Rosenthal Amazon launches, Amazon auctions, clones eBay, competes with eBay, and shocker, you haven't heard of Amazon auctions.
- ▶ 2:20:24 Ben Gilbert So when the site launched, it was technically superior to eBay's faster, better search, and several new useful features.
- ▶ 2:20:36 Ben Gilbert When you have the network effect of more buyers attracting more sellers and more sellers attracting more buyers like eBay had, and they were a couple years ahead, it was just already in full swing.
- ▶ 2:21:54 David Rosenthal Another reason people like eBay, man, they just totally shrugged off Amazon as a competition.
- ▶ 2:22:03 David Rosenthal Now, Jeff, so they acquired accept.com to keep it out of the hands of eBay.
- ▶ 2:22:14 David Rosenthal Partially, I think, to keep them from eBay and other people partially because, I don't know, everybody was drunk back then.
- ▶ 2:28:51 David Rosenthal Which also, I don't think it was the eBay fund.
- ▶ 2:28:57 David Rosenthal In benchmark in the future, of course, the main backer of eBay.
- ▶ 2:29:13 David Rosenthal Scott Cook was a board member of Amazon and eBay.
- ▶ 2:39:22 David Rosenthal And tellingly, Scott chooses eBay.
- ▶ 2:42:42 unnamed speaker Let us take over for you, you know, run your website, blah, blah, blah, eBay.
- ▶ 2:42:48 unnamed speaker They know Amazon's in a tight spot.
- ▶ 2:42:50 unnamed speaker They probably heard about Gali and Campbell and all this stuff.
- ▶ 2:43:04 unnamed speaker eBay takes over the failed Amazon auctions and all of third party sellings.
- ▶ 2:43:14 unnamed speaker Just let eBay, we know how to do this.
- ▶ 2:43:16 unnamed speaker You keep running amazon.com, the retail, and we'll do third party selling for you with eBay technology.
- ▶ 2:45:17 unnamed speaker And what they realize is, I mean, one way to look at the real key thing, and I think this is very true today, that differentiates Amazon positively versus eBay, and pretty much everywhere else selling on the internet, is they have an…
- ▶ 2:45:51 unnamed speaker And anybody who's ever bought something on eBay, you don't really know what you're getting.
- ▶ 2:46:28 unnamed speaker That's what eBay wants to do.
- ▶ 2:46:30 unnamed speaker That's why eBay's interested in talking to us.
- ▶ 2:51:31 Ben Gilbert And this is kind of the start of where you start to see, oh, Amazon might become bigger than eBay.
- ▶ 2:51:38 Ben Gilbert eBay basically doesn't have a thriving comeback in the post dot com
- ▶ 2:51:45 David Rosenthal It would be a long journey, but Amazon's stock price tripled in 2007, while eBay's fell by over 50%.
- ▶ 2:51:52 David Rosenthal And during that year, for the first time since, like, eBay's IPO, Amazon finally passes eBay in market cap.
- ▶ 2:51:59 David Rosenthal Today, eBay's market cap.
- ▶ 2:52:04 Ben Gilbert They've done a nice job.
- ▶ 2:52:19 Ben Gilbert Their post- twenty-fifteen has been pretty good.
- ▶ 2:52:30 Ben Gilbert I can't tell you the last time I bought something on eBay, and god, I'm afraid to look at my Amazon total.
- ▶ 2:53:24 David Rosenthal Honestly, I mean, I think this is drawing too broad of a brush, but I think Google killed eBay, right?
- ▶ 2:53:28 David Rosenthal You know, the best way to search eBay is Google.
- ▶ 2:53:30 David Rosenthal It's not eBay.
- ▶ 2:53:36 David Rosenthal And Jeff, of course, through his very direct connection to Google, he saw this problem certainly before eBay, but you know, but before
- ▶ 2:57:20 David Rosenthal And like we're saying, I think it's also the beginning of the end for eBay, because as Google gets better,
- ▶ 2:57:26 David Rosenthal Deep linking from Google into eBay becomes the best way to search the chaotic marketplace of eBay, and eBay's paying the Google tax on all that, you know, and Google's the strategic intermediary.
- ▶ 4:06:25 David Rosenthal Amazon did the same thing, like the eBay story.
- ▶ 4:15:08 David Rosenthal And eBay.
- ▶ 4:15:09 David Rosenthal I mean, eBay survived its around, of course, but it didn't win, you know.
From NFL to Startup COO to Congressman Regulating Crypto (with Rep. Anthony Gonzalez) · Acquired
- ▶ 1:19:07 Anthony Gonzalez Having said that, you know, there is something that happens to you when you see a bunch of people wearing your Jersey in the stands and you see your autographs on eBay selling for, you know, whatever amount of money and you're thinking to…
Platforms and Power (with Hamilton Helmer and Chenyi Shi) · Acquired
- ▶ 37:27 Chenyi Shi Now this rationale, if you take it onto an eBay seller who's trying to auction his antique watch is going to be very different, right?
Complexity Investing & Semiconductors with NZS Capital (Extended Cut) · Acquired
- ▶ 28:59 Brinton Johns But, uh, another one that we had in the portfolio years back was, was eBay.
- ▶ 29:06 Brinton Johns Uh, they brought in a new CEO, John Dono.
- ▶ 29:09 Brinton Johns Um, they had PayPal, uh, and really you weren't paying for any of PayPal.
Standard Oil Part II (Extended Cut) · Acquired
- ▶ 2:28:32 Ben Gilbert Or even going back to our eBay episode with PayPal, like, how good of an idea was it to do the spinoff for shareholder value?
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