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30 Year Old Uni Drop-Out Makes $220 million

Yesterday Fairfax announced that it had bought trademe.com.nz.for $670 million.

Today it becomes clear how trademe actually started out. It's a remarkable story of how a uni drop-out, having failed to find a second-hand heater in Wellington, NZ, started trademe and grew it into a venture of considerable proportions.

Read the story of Sam Morgan [who will personally make $220 million from the Fairfax purchase] who filled a gap ebay hadn't, in this article from the SMH.

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