Report of

Entrepreneursip

Submitted to:
Sir.khawajaHashim

Company:
eBay

Submitted by:
Muhammad Raza
BB-10-45
7th, morning

Institute of management sciences

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 eBay
(Pierre MoradOmidyar )
eBay Inc. is an American multinational internet consumer-to consumer 
corporation, headquartered in San Jose, California.It was founded in 1995, and
became a notable success story; it is now a multi-billion dollar business with
operations localized in over thirty countries.The company manages eBay.com,
an online auction and shopping website in which people and businesses buy and
sell a broad variety of goods and services worldwide.

SERVICES:
 online auction
 shopping by UPC, ISBN, or other kind of SKU (via Half.com)
 Classified advertisements (via Kijiji or eBay Classifieds)
 Event ticket trading (via StubHub)
 Money transfers (via PayPal) and other services

Millions of collectibles, decor, appliances,
computers, furnishings, equipment,
vehicles, and other miscellaneous items are listed,
bought, or sold daily on eBay.
Generally, anything can be auctioned on the site as
long as it is not illegal and
does not violate the eBay Prohibited and Restricted
Items policy.
Controversy has arisen over certain items put up for bid.
For instance, in late 1999, a man offered one of his kidneys for auction on eBay,
attempting to profit from the potentially lucrative market for transplantable
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 humanorgans.
On other occasions, people and even entire towns
have been listed,
often as a joke or to garner free publicity. In
general, the company removes

auctions that violate its terms of service agreement.

Services and intangibles can be sold, too. Large
international companies, such
as IBM, sell their newest products and offer services on eBay using competitive
auctions and fixed-priced storefronts.

Acquisitions of eBay
Skype:
eBay Inc. acquired Skype in 2005 and significantly expanded its customer base to
more than 480 million registered users worldwide. To focus on its core e-
commerce and payments businesses, eBay Inc. sold a majority stake in Skype in
November 2009, retaining a minority investment (30%) in the company. In May
2011, Microsoft announced that it had acquired Skype for $8.5 billion.
Craigslist:
In the summer of 2004, eBay acknowledged that it had acquired 25% of classified
listings website, Craigslist. eBay assured Craigslist that they would not ask the
company to change the way it does business. eBay spokesman Hani Durzy stated
that the
"investment was really for learning purposes; it gives us access to learn how the
classified market online works."
In March 2005, eBay launched the classifieds service of its own Kijiji.
PayPal:
In 2002, eBay acquired PayPal, an Internet service that enables individuals and
businesses to securely and easily send and receive payments online. Using the most

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advanced proprietary fraud-prevention systems, PayPal’s millions of registered
account holders worldwide pay bills and receive funds on and off the eBay site.
Rent.com,Shopping.comebay express, Braintree.

History
eBay began with the struggle of French-born Iranian-Americancomputer
programmer Pierre Omidyar in San Jose, California on September 3, 1995.The
business exploded as correspondents began to register trade goods of an
unimaginable variety Omidyar incorporated the enterprise; the small fee he
collected on each sale financed the expansion of the site. The revenue soon
outstripped his salary at General Magic, and nine months later Omidyar decided to
dedicate his full attention to his new enterprise.
 One of the first items sold on AuctionWeb was a broken laser pointer for $14.83.
Astonished, Omidyar contacted the winning bidder to ask if he understood that the
laser pointer was broken. In his responding email, the buyer explained: "I'm a
collector of broken laser pointers.”
Reportedly, eBay was simply a side hobby for Omidyar until his internet service
provider informed him he would need to upgrade to a business account due to the
high volume of traffic to his website. The resulting price increase (from $30/month
to $250) forced him to start charging those who used eBay, and was not met with
any animosity. In fact it resulted in the hiring of Chris Agarpao as eBay's first
employee to handle the number of cheques coming in for fees.
Jeffrey Skoll was hired as the first president of the company in early 1996. In
November 1996, eBay entered into its first third-party licensing deal, with a
company called Electronic Travel Auction to use SmartMarket Technology to sell
plane tickets and other travel products. Growth was phenomenal; in January 1997
the site hosted 2,000,000 auctions, compared with 250,000 during the whole of
1996. The company officially changed the name of its service from AuctionWeb to
eBay in September 1997. Originally, the site belonged to Echo Bay Technology
Group, Omidyar's consulting firm. Omidyar had tried to register the domain name

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echobay.com, but found it already taken by the Echo Bay Mines, a gold mining
company, so he shortened it to his second choice, eBay.com.
In 1997, the company received $6.7 million in funding from the venture capital
firm Benchmark Capital.

In 1998, Pierre and his cofounder Jeff Skoll brought in Meg Whitman to sustain
the success. Meg had studied at the Harvard Business School and had learned the
importance of branding at companies such as Hasbro.

Meg culled her senior staff from companies such as Pepsico. and Disney, created
an experienced management team with an average of 20 years of business
experience and built a strong vision for the company -- that eBay is a company
that's in the business of connecting people, not selling them things.
At the time, the company had 30 employees, half a million users and revenues of
$4.7 million in the United States.eBay went public on September 21, 1998,and
both Omidyar and Skoll became instant billionaires.
By early 2008, the company had expanded worldwide, counted hundreds of
millions of registered users, 15,000+ employees and revenues of almost $7.7
billion. After nearly ten years at eBay, Whitman decided to enter politics. On
January 23, 2008 the company announced that Whitman would step down on
March 31, 2008 and John Donahoe was selected to become President and
CEO. Whitman remained on the Board of Directors and continued to advise
Donahoe through 2008.
In July 2010, eBay was sued for $3.8 billion by XPRT Ventures that accused eBay
of stealing information shared in confidence by the inventors on XPRT's own
patents, and incorporated it into features in its own payment systems, such as
PayPal Pay Later and PayPal Buyer Credit.
On December 20, 2010, eBay acquired German online shopping club,
brands4friends.de, for €150 million ($197 million), strengthening the company's
interests in the fashion industry in Europe. It is subject to regulatory approval and
expected to close it in the Q1 2011.
On September 26 2013, eBay acquired Braintree for US$800 million, with the
intention to continue running it as a separate service.

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Entrepreneur’s life:
Personal life
Omidyar was born in Paris, France to Iranian immigrant parents. His mother Elahé
Mir-DjalaliOmidyar who did her doctorate in
linguistics at the Sorbonne, is a well-known
academic. His father was an Iranian surgeon.
The family moved to the US when Omidyar was a
child.Omidyar's interest in computers began while he
was a student at The PotomacSchool in McLean,
Virginia in the 9th grade. He graduated from St.
Andrew's
Episcopal School in Potomac, Maryland in 1984.
Omidyar graduated from 
TuftsUniversity with a bachelor's degree in computer science in 1988.
Shortly after, Omidyar went to work for Claris, an Apple Computer subsidiary,
where he worked on the team upgrading MacDraw to MacDraw II. In 1991, he co
founded Ink Development, a pen-based computing startup that was later rebranded
as an e-commerce company and renamed eShop.

In 2010, Omidyar launched online investigative reporting news service Honolulu

Civil Beat covering civic affairs in Hawaii. The site has been named Best News
Website in Hawaii for three consecutive years. On September 4, 2013, Honolulu
Civil Beat started a partnership with The Huffington Post, launching the weblog's
latest regional addition, HuffPost Hawaii
DirectorDirector
Twelve Entrepreneuring Inc.ePeople, Inc.

Former Director Former Director

GrandCentral Communications, Inc.MeetUp, Inc.
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Co-Founder, Founding Partner, and Director
Omidyar Network1996-Present
Founder and DirectorFounder and Chairman
The UluponoInitiative,LLCeBay Inc.

Omidyar-Tufts Microfinance Fund 

Omidyar-Tufts Microfinance Fund  is a philanthropic investment firm dedicated to
harnessing thepower of markets to create opportunity for people to improve their
lives.
Established in 2004 by Pierre Omidyar and his wife Pam, the
organization invests in and helps scale innovative organizations to catalyze
economic, social, and political change. To date, Omidyar Network has committed
more than $270 million to for-profit companies and nonprofit organizations that
foster economic advancement and encourage individual participation across
multiple investment areas, including property rights, government transparency, and
Award and Honors:
 Honorary degree, Doctor of Public Service, Tufts University

Thank you!