Omidyar Network’s Journey to Impact Investing

26th June 2017
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When eBay went public, founder Pierre Omidyar and his wife Pam suddenly found themselves with an incredible amount of wealth — and an immediate sense of responsibility to put it to good use. They initially formed a traditional grantmaking foundation, but quickly realized that in order to truly create change at scale, they needed to leverage the power of the markets. And so Omidyar Network was formed as both a limited liability corporation (LLC) and a 501(c)3, allowing them the greatest flexibility to invest in disruptive, catalytic change.