He Turned Down $1 Billion Check. Now He Makes $1 Billion a Year

A check worth of billion dollars was offered to a man, and guess what he said … NO! In 2004, Craig Newmark rejected a $1 billion offer from eBay for his 'ugly ads website.' Today, that same website earns $1 billion per year—with just 50 employees. This is the most stubborn—and brilliant—rejection in tech history. And by the end of this video, you'll see why it was the best decision he ever made."Download 42 Free Essential Resources for Business https://thecontributors.com/downloadAbout the channel.On The Contributors Channel, you can learn how to start and grow your business, invest in crypto, generate passive income, and build wealth.Subscribe for all new updates https://www.youtube.com/c/thecontributors/videos?sub_confirmation=1 Victor Gichun is the Creator and Host of The Contributors Channel, and a co-founder of Excess Logic, the #1 Nationwide Reverse Logistics Provider. Since 2012 Excess Logic has helped over 500 companies including Google, Meta, LG, and Hitachi remove excess test, measurement, lab, and R&D Equipment, computers, and electronics, networking gear, destroy data, and reclaim residual value. If you need to remove the surplus equipment and electronics and recoup maximum value visit https://excesslogic.com/ For collaboration and advertising, please email: [e-mail] Timing00:00 Craigslist Story: Introduction00:35 CHAPTER 1: HUMBLE BEGINNINGS01:43 CHAPTER 2: THE BILLION-DOLLAR TEMPTATION02:59 CHAPTER 3: THE NUMBERS THAT SHOCKED THE INDUSTRY04:37 CHAPTER 4: THE POWER OF SIMPLICITY06:57 CHAPTER 5: IGNORING THE COMPETITION08:00 CHAPTER 6: INNOVATION THROUGH STAYING THE SAME09:43 CHAPTER 7: THE LESSONS FROM CRAIGSLISTFollow me on:TikTok https://www.tiktok.com/@victorgichun LinkedIn https://www.linkedin.com/in/victorgichun/ Facebook https://www.facebook.com/thecontributorsfb Instagram https://www.instagram.com/vicgichun/ Twitter https://twitter.com/VictorGichun#craigslist #craignewmark #successstories