EBay was founded by Pierre Omidyar in 1995. Though he's now a billionaire (of course), Pierre started AuctionWeb (as it was then known) as a simple "side hobby."
In late '95, Pierre made history when he sold eBay's first item -- a broken laser pointer he had originally bought as a cat toy.
Amazingly, the buyer paid $14.00 for the kaput pointer. We imagine it was about this time Pierre realized he was on the cusp of creating something great.
Source:
HERE