Omidyar Network

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About Omidyar Network

Omidyar Network was founded in June 2004 by eBay founder Pierre Omidyar and his wife Pam in Redwood City, California. Omidyar Network is intended to expand the investment scope of the Omidyar Foundation by funding not just non-profit projects, but also for-profit ventures and public initiatives they believe promote individual self-empowerment. The Network has established a $400 million fund to be invested by 2010.

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The managing partner of Omidyar Network is Matt Bannick.

On July 14, 2004 SourceForge.net announced that it had received a $400,000 grant from The Omidyar Network.

In addition to the corporate web site, Omidyar Network hosts omidyar.net, a community discussion board/wiki for any number of issues ranging from social justice to education to cooperatives. Members were encouraged to give positive or negative feedback to contributions, similar to eBay's feedback forum. Working documents were editable by anyone in a wiki style. The stated aim of building a community with the Network was to collectively empower people who want to make positive change in the world.

On August 27, 2007 the Omidyar Network announced the forthcoming shutdown of the omidyar.net website. The announcement says that "...self-managed communities can work", hints at problems with moderating the website content, but gives no concrete reason for the shutdown. All operations are scheduled to cease by December 31, 2007. Members have been referred to other online social networking for social good websites such as Ned, [http://www.razoo.com Razoo], About us, Wiser Earth, Facebook, Wagn, Daily Appreciations and Better World Island (on Second Life).

The future direction of the fund is unclear.

Quotes about Omidyar Network

  1. “ We are thrilled to have Omidyar Network on board as an investor. We appreciate the perspective they bring—they understand how social enterprise can solve problems and improve lives in emerging economies. ”
    In D.light Design Raises $5.5M In Omidyar-Led Round
  2. “ Omidyar Network believes that D.light is at a critical inflection point on its path to massive social impact. ”
    Jayant Sinha in D.light Design closes US$5.5mn Series B Financing

  1. Mentioned In 31 Articles

  2. Online ads grow; more firms in digital space seek VC funding

    Explore Article 4g Wireless Evolution (Aug 17 2010) Social Networking , Acquisition

    ...her Jurvetson; and $6 million in Quikr India by Matrix Partners India, Norwest Venture Partners and Omidyar Network. To be sure, not all online firms are keen on VC funding. For instance, Pinstorm, a Mumbai-based di... (Read Full Article)

    Comment on Article Mentions:   Pinstorm   Sherpalo Ventures   Kleiner

  3. Google Backed Song Advisors Invests in K-12 Techno Services and Eye Q Vision

    Explore Article Indian Startups (Aug 3 2010)

    Google Backed Song Advisors Invests in K-12 Techno Services and Eye Q Vision ...ces and Eye Q Vision Song Advisors is a Hyderabad based fund that manages $17mn – backed by Google, Omidyar Network and Soros Development Fund. The fund has announced an investment in Eye Q and K12 Techno Services, ... (Read Full Article)

    Comment on Article Mentions:   Sequoia Capital India   Google   Omidyar Network

  4. Rich IPO brings controversy to SKS Microfinance

    Explore Article goupstate.com (Jul 30 2010)

    ... were involved with and the proceeds would go to those foundations. One big Unitus donor is the Omidyar Network, the philanthropic and investment venture of an eBay founder, Pierre Omidyar. The Omidyar group’s m... (Read Full Article)

    Comment on Article Mentions:   Melinda Gates Foundation   Vikas Bajaj   Compartamos

  5. Indian solar group wins top UK award

    Explore Article business.rediff.com (Jul 2 2010) Funding

    Indian solar group wins top UK award ...e product line to other solar-powered consumer electronics. The second round is led by new investor Omidyar Network and includes all major Series A investors, including Acumen Fund, Nexus Venture Partners, Gray Matt... (Read Full Article)

    Comment on Article Mentions:   Garage Technology Ventures   Gray Matters Capital   Nexus Venture Partners

  6. Omidyar Network Hands $2.3M In Grants To Global Voices, mySociety and The XYZ Show

    Explore Article TechCrunch (Jul 1 2010)

    eBay founder Pierre Omidyar's philanthropic investment firm, Omidyar Network, has announced three new grants today, all to non-profits that are helping to add transparency and ... (Read Full Article)

    Comment on Article Mentions:   Global Voices   Pierre Omidyar   Leena Rao

  7. Sequoia Leads $15M Investment In AP's Gowtham Schools

    Explore Article VCCircle (Jul 1 2010) Acquisition

    ...ds. For Song Advisors, which is backed by search giant Google, Soros Economic Development Fund and Omidyar Network, this will be its debut deal. Song Investment Advisors manages a $17-million fund and is focused on... (Read Full Article)

    Comment on Article Mentions:   Song Advisors   Google   Anil Ambani

  8. D.light Design Raises $5.5M In Omidyar-Led Round

    Explore Article VCCircle (Jun 24 2010)

    ...lar energy and lighting solutions, has raised a series-B round of $5.5 million, led by new investor Omidyar Network. This round of funding also saw participation from existing investors Acumen Fund, Nexus Venture Pa... (Read Full Article)

    Comment on Article Mentions:   Garage Technology Ventures   Jayant Sinha   Gray Matters Capital

  9. D.light Design closes US$5.5mn Series B Financing

    Explore Article Indiainfoline.com (Jun 24 2010) Funding

    ...es B Financing India Infoline News Service / 10:23 , Jun 24, 2010 The round is led by new investor Omidyar Network and includes all major Series A investors, including Acumen Fund, Nexus Venture Partners, Gray Matt... (Read Full Article)

    Comment on Article Mentions:   Garage Technology Ventures   Jayant Sinha   Nexus Venture Partners

  10. VC Firm Omidyar Network Ropes In Surya Mantha As Director, Investments

    Explore Article VCCircle (May 24 2010)

    Omidyar Network, a philanthropic investment firm, has roped in Surya Mantha as director, investments, reports Afaqs... (Read Full Article)

    Comment on Article Mentions:   Web18   Network18   Unitus Equity Fund

  11. Omidyar Network Ropes In Surya Mantha As Director, Investments

    Explore Article VCCircle (May 24 2010)

    Omidyar Network, a philanthropic investment firm, has roped in Surya Mantha as director, investments, reports Afaqs... (Read Full Article)

    Comment on Article Mentions:   Web18   Network18   Sify Ltd.

  12. Surya Mantha quits Network18; joins Omidyar Network as director

    Explore Article afaqs! (May 23 2010) Mobile

    Surya Mantha quits Network18; joins Omidyar Network as directorafaqs!Earlier, he was chief executive officer, Web18, the Internet and mobile arm of Net... (Read Full Article)

    Comment on Article Mentions:   Web18   Network18   Omidyar Network

  13. `Future Of Financial Inclusion Lies In Microfinance Beyond Credit’

    Explore Article VCCircle (Apr 19 2010)

    `Future Of Financial Inclusion Lies In Microfinance Beyond Credit’ ...investors include names like Soros Economic Development Fund, International Finance Corporation and Omidyar Network, is looking at replicating some of its successful affordable insurance models in Asia and Africa in... (Read Full Article)

    Comment on Article Mentions:   International Finance Corporation   Irda   Omidyar Network

  14. 'Future Of Financial Inclusion Lies In Microfinance Beyond Credit'

    Explore Article VCCircle (Apr 19 2010)

    'Future Of Financial Inclusion Lies In Microfinance Beyond Credit' ...investors include names like Soros Economic Development Fund, International Finance Corporation and Omidyar Network, is looking at replicating some of its successful affordable insurance models in Asia and Africa in... (Read Full Article)

    Comment on Article Mentions:   International Finance Corporation   Irda   MFI

  15. On Quikr’s Revenue Model; Arbitrage vs Building Products And Scale

    Explore Article MediaNama.com (Apr 7 2010) Funding

    ...any has so far raised around Rs. 500 million from Norwest Venture Partners, Matrix Partners and the Omidyar Network. MediaNama spoke with Quikr CEO Pranay Chulet, [...] On Quikr’s Revenue Model; Arbitrage vs Buildin... (Read Full Article)

    Comment on Article Mentions:   Sulekha   Omidyar Network   Matrix Partners

  16. Norwest Venture Partners leads $6M Quikr deal

    Explore Article Reuters India (Apr 1 2010)

    ...mpany of Quikr India) led by new investor, Norwest Venture Partners (NVP), and returning investors, Omidyar Network, Matrix Partners India and eBay Inc. With this round of financing, Quikr has raised in excess of Rs... (Read Full Article)

    Comment on Article Mentions:   Sulekha   Genco   VCCircle

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