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That we now use are invented by pornographers. >> what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured out a way to make profit on the internet. that is, until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value of close to $6 billion and is a superstar on wall street. ebay makes its money by charging to list an item, then takes a small percentage of the final selling price if it sells. if you...

Pornographers. >> what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured out a way to make profit on the internet. that is, until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value of close to $6 billion and is a superstar on wall street. ebay makes its money by charging to list an item, then takes a small percentage of the final selling price if it sells. if you've got an item you want to sell...

That we now use are invented by pornographers. what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured out a way to make profit on the internet, that is until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value of close to $6 billion and is a superstar on wall street. ebay makes its money by charging to list an item, then takes a small percentage of the final selling price if it sells. >> if you'...

It boosted consumer acceptance of online credit card use. >> our little shopping carts that we now use are invented by pornographers. >> what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured out a way to make profit on the internet. that is, until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value of close to $6 billion and is a superstar on wall street. ebay makes its money by charging to lis...

Interested in figuring out how to make credit cards work. that had benefits for online commerce. it boosted consumer acceptance of online credit card use. >> our little shopping carts that we now use are invented by pornographers. >> what was unknown was whether or not somebody could set up a website and actually make money. and the proof of concept of that was pornography. >> for the most part, entrepreneurs have not figured out a way to make profit on the internet. that is, until ebay came along. >> pierre omidyar started the auction site as a hobby. three years later, it has a market value ...