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|Impact Investor, Non-profit organization|
Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and a impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network reports it has committed more than $780 million to nonprofit organizations and for-profit companies across multiple investment areas, including Consumer Internet & Mobile, Education, Financial Inclusion, Governance & Citizen Engagement, and Property Rights.
Omidyar Network was founded on the fundamental belief that every person has the power to make a difference. The foundation believes that they create opportunity for people to realize that power and improve the quality of their lives. In addition, they advocate that when people take the initiative to make life better for themselves, they can share the benefits with their families, become more active in their communities, and be a more positive force in society.
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.
The managing partner of Omidyar Network is Matt Bannick, the former general manager of eBay International. Bill Barmeier, formerly of eBay, Tilman Ehrbeck, former CEO of the Consultative Group to Assist the Poor, Sal Giambanco, formerly of eBay and PayPal, Stephen King, ex-BBC World Trust, Amy Klement, formerly of eBay and PayPal, and Mike Kubzansky, formerly of Monitor Group, are also partners.
As of April 2009[update], Omidyar Network counts the following organizations as partners: Ashoka, Central Intelligence Agency, Comat Technologies, Creative Commons, Digg, DonorsChoose, Endeavor, Federated Media Publishing, GlobalGiving, Goodmail, GuideStar, Linden Lab (developer of Second Life global virtual community), Meetup, Metaweb, ModestNeeds, Opportunity International, PRBC, Prosper, SeaChange Capital Partners, Seesmic, Socialtext, Sunlight Foundation, Virgin Money, Wikia, World of Good.
- Acumen Fund
- Bill and Melinda Gates Foundation
- Jasmine Social Investments
- Mulago Foundation
- Peery Foundation
- Skoll Foundation
- "The Omidyar way of giving" (October 26, 2013). October 26, 2013. Retrieved 11 May 2015.
- "Omidyar Network". Retrieved 11 May 2015.
- "Investment Approach". Retrieved 27 December 2015.
- Guth, Robert A. (October 22, 2008). "EBay Founder's Philanthropic Firm to Donate More". The Wall Street Journal. pp. A4.
- "Omidydar Network". Retrieved 11 May 2015.
- "Qwiki Wins TechCrunch Disrupt: Information Consumption To Be Disrupted". September 29, 2010.