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Thursday, May 1, 2008

The Snowball Effect of the Internet

I bought an easel from someone on craigslist the other day. Very easy and I didn't have to pay any commission or anything, plus I met a nice lady. While the founder of craigslist, Craig Newmark, was working at Charles Schwab in 1995, he started craigslist as an email list for friends about what was going on in San Francisco. Craig worked on his side project during his spare time out of his living room for four years, until he decided to quit his job and dedicate himself full time to craigslist. Today, Craigslist contains classifieds for hundreds of cities throughout the world. See what a little email list and a few years can do? Today there are over 10 BILLION pageviews per month (whew! Winningstartups.com has a long way to go!) Ebay acquired 25% of craigslist in 2004, and they make money by charging for job ads.