Omidyar Network

Omidyar Network is a philanthrocapitalist investment firm established in 2004 by eBay founder Pierre Omidyar and his wife Pam. To date, Omidyar Network has committed more than $290 million to for-profit companies and nonprofit organizations that foster economic advancement and encourage individual participation across multiple investment areas, including microfinance, property rights, government transparency and social media.

Structure

Composed of a 501(c)(3) and a Limited Liability Company (LLC), Omidyar Network is structured to work across the social, business, and government sectors. Like a traditional foundation, it makes grants through its 501(c)(3) entity; through its LLC, it invests in for-profit entities.^[1]

People

Pierre Omidyar, the founder of eBay, and his wife, Pam, established Omidyar Network based on the belief that every person has the potential to make a difference.

The organization's headquarters are in Redwood City, CA. Omidyar Network also has employees in the UK, based in London, and in Mumbai, India, including Stephen King, the former head of the BBC World Trust.

The managing partner of Omidyar Network is Matt Bannick, the former general manager of eBay International. Stephen King, ex-BBC World Trust, Sal Giambanco, formerly of Paypal, and Jayant Sinha, formerly of McKinsey & Company, are also partners.

Partners

As of April 2009^[update], Omidyar Network counts the following organizations as partners:

Ashoka Comat Technologies Creative Commons Digg DonorsChoose Endeavor Federated Media Publishing GlobalGiving Goodmail GuideStar Linden Lab (developer of Second Life global virtual community) Meetup Metaweb

Opportunity International PRBC Prosper RDI[disambiguation needed ] SeaChange Seesmic Socialtext Sunlight Foundation Virgin Money Wikia World of Good

References

1. ^ Guth, Robert A. (October 22, 2008). "EBay Founder's Philanthropic Firm to Donate More". The Wall Street Journal: pp. A4. http://online.wsj.com/article/SB122463722341457039.html?mod=todays_us_page_one. 

External links

• Omidyar Network