Brian Magierski co-founded iMark.com and served as Chairman and CEO. iMark.com was a leader in the business-to-business web marketplace for trading surplus goods and assets (eBay for business), and was sold to then publicly-traded FreeMarkets (currently Ariba, NASDAQ: ARBA) in March 2000 for $340 million. iMark brought together buyers and sellers in a fair and neutral marketplace, and offered services associated with buying and selling surplus goods and assets, including leasing services, transportation and rigging services, and investment recovery services. iMark also improved the speed and efficiency of the used equipment market where buyers and sellers could reduce the sales cycle from several months to a few days. iMark served Fortune 1000 companies, large and small manufacturers, OEMs, leasing companies and used equipment dealers – anybody with an interest in finding or selling hard assets or surplus goods for their business. At the time of acquisition, iMark had over $265 million in listings and had a team of 70 employees. Austin Ventures provided the first major round of funding of $5 million.