eBay Founder Creates Network of Giving

Source: 
Weatherhead School of Management (Case Western Reserve)

Date

2005

Case Study Sector

Management

"Billionaire nerd with a social conscience" might describe Pierre Omidyar. Since founding eBay in 1995 and handing over the reigns of eBay to Meg Whitman, Omidyar and his wife Pam have found various ways to "do good" with their vast wealth.
The Omidyars created the Omidyar Network, an organization with the simple core belief: "that every individual has the power to make a difference." The Omidyar Network will fund for-profit organizations as well as nonprofits. Omidyar Network is intended to expand the investment scope of the Omidyar Foundation by funding not just nonprofit projects, but also for-profit ventures and public initiatives they believe promote individual self-empowerment.

Link

Keyword

  • Strategy

Region

  • Northern America

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