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Skoll was born in the French-Canadian metropolis of Montreal in January 1965, and grew up there. The transfer to Toronto, where his father was the owner of a firm that sold industrial chemicals to enterprises, occurred while he was in his twenties. His father came home one day and told him that he had been diagnosed with kidney cancer. He was devastated. When Skoll was younger, his father told him that he wasn’t worried about dying, but rather that he was disappointed that he hadn’t accomplished all of the things he had wanted to in life. In an interview with Thomas Watson for Canadian Business, Skoll remembered his father’s sentiments. The disease did not kill Skoll’s father, but the experience had a lasting influence on Skoll, who was still a teenager at the time. He resolved that he would never again be faced with the same dilemma, the awareness that he had placed his professional ambitions ahead of his personal ambitions.
Skoll wished to pursue a career as a writer. He believed, however, that he should first make enough money to live comfortably in order to be able to follow his objective without the added burden of having to be financially successful in doing so first. He enrolled in the University of Toronto’s Electrical Engineering programme with the goal of earning some money throughout his twenties and then retiring at a younger age. Since graduating with his degree in 1987, he has gone on to establish a computer consulting company, as well as a successful computer rental business. Recognizing that he lacked the managerial abilities necessary to operate a successful firm, he returned to school and acquired a Master of Business Administration (M.B.A.) degree in business administration and management. The famous Stanford University Graduate School of Business in Palo Alto, California, welcomed him as a new student this year.
Skoll had a bit of a cultural shock when he first arrived in the United States. Despite the fact that there were homeless persons in Canadian cities such as Toronto, he was taken aback by the numbers of homeless people in adjacent San Francisco and even in smaller communities located south of the border.”I never truly anticipated to be in possession of a large sum of money. As it turned out, eBay was a very good investment.”of the San Francisco Bay Area, where high-tech businesses in the United States were thriving. Individual Canadians and Canadian businesses paid higher taxes than their American counterparts, and those tax dollars went toward funding a social service network designed to assist the disadvantaged; they also went toward financing a universal health care system for all citizens and residents of Canada. He rose to the position of managing editor of The Reporter at the Stanford Business School, where he wrote about the global wealth disparity, as well as what a new generation of business-school graduates—his generation—could do to close it. Skoll was named to the Stanford Business School’s Hall of Fame in 2011.
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Skoll graduated with honours from Stanford University in 1995 with a Master of Business Administration degree. He accepted a position as manager of distribution channels with Knight-Ridder Information, a branch of the American newspaper group, in the adjacent city of San Jose, California. Pierre Omidyar (1967–), a computer programmer who happened to be a casual friend of his, founded an Internet site he dubbed Auction Web in the same year. For it, Omidyar had developed a proprietary software programme, and he hoped to use the proceeds from the selling of that software to fund the development of a broader online empire of Internet-based services for users. The next day, he informed Skoll of his plans. When Omidyar first approached Skoll about joining the company, he told him it was a “dumb idea,” according to an essay he wrote on Skoll for Time International. “After that, he decided to come on board.”
Skoll was first employed by Omidyar to draught a business plan, which is a long formal document that young companies must present to bank loan officers or possible private investors before receiving funding. When eBay was legally established as a corporation in late 1995, Skoll was the company’s first employee to be placed on its payroll. In fact, the name eBay comes from Omidyar’s first firm, Echo Bay Consulting Services, and the two co-founders intended for it to be just a holding company for their projected empire. Nonetheless, eBay’s auction site started to gain popularity fast, with thousands of new customers signing up each month. While the majority of them were buyers and dealers of different collectibles, such as the iconic Beanie Baby toys, others quickly expanded their offerings to include old vinyl albums, apparel, tools, and even furniture. It made money by taking a tiny portion of every listing and another fee from every successful transaction, which it distributed to its users. A feedback mechanism, via which users may report fraudulent transactions, assisted in maintaining the integrity of the system.
Skoll and Omidyar were taken aback by how swiftly the eBay concept gained traction. According to Skoll in a recent interview with New Zealand Management, “we saw calamity around every corner” in the early days of the company. “It was very feasible that everything might come crashing down at any time. We were constantly conscious of the possibility that a larger firm, such as Yahoo, AOL, or Excite, may turn its attention to our arena at any time, imitate what we had done, and soon overwhelm the numbers we had amassed.”In its early years, eBay did not even have a physical location address to correspond to. The company’s headquarters were located at Skoll’s house in Palo Alto. He left his position at Knight-Ridder in 1996 to become the full-time president of eBay, where he was responsible for the company’s explosive expansion over the following two years. Because EBay’s sales expanded at such a breakneck pace during its first four years, several business experts started to proclaim it to be the fastest-growing corporation in the history of business.
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Jeffrey Skoll Fan Mail address:
Jeffrey Skoll
Montreal,
Canada
(1)Full Name: Jeffrey Skoll
(2)Nickname: Jeffrey Skoll
(3)Born: 16 January 1965 (age 57 years), Montreal, Canada
(4)Father: Not Available
(5)Mother: Not Available
(6)Sister: Not Available
(7)Brother: Not Available
(8)Marital Status: Married
(9)Profession: Canadian engineer
(10)Birth Sign: Capricorn
(11)Nationality: Canada
(12)Religion: Not Available
(13)Height: Not Available
(14)School: Not Available
(15)Highest Qualifications: University of Toronto Stanford University
(16)Hobbies: Not Available
(17)Address: Montreal, Canada
(18)Contact Number: Not Available
(19)Email ID: Not Available
(20)Facebook: Not Available
(21)Twitter: Not Available
(22)Instagram: Not Available
(23)Youtube Channel: Not Available
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