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Morgan describes the initial designing and building of Trade Me thus: "Some time later we were in a backpackers in Sydney and got evicted because it was overbooked.
We went up to some backwater because it was the only accommodation we could find.
Sam Morgan founded Trade Me during the first few months of 1999, constructing the site while working full-time for Deloitte as a technology consultant.
Within Deloitte, Morgan worked on Internet projects and supply-chain issues.
I think there are big cultural issues there that are just not well understood.Trade Me was publicly listed as a separate entity on 13 December 2011 under the ticker "TME".Trade Me Ltd also operates several sister websites including Find Someone, Travelbug, Safe Trader and Holiday Houses.Trade Me often change the logo and stylise Kevin to reflect major events in the calendar.In its early years Trade Me continued to struggle, slowly increasing its user base, but facing financial challenges.
Anyway, there was nothing to do, so that night I started drawing a data model. Then when I came back to Wellington I literally sat on the couch and built the site on a laptop over a five- or six-week period." In its early stages Morgan humorously listed Trade Me for sale on e Bay with a $1 million buy-now price.