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Encyclopedia > Pierre Omidyar
Pierre Omidyar

Pierre Omidyar
Born June 21, 1967 (1967-06-21) (age 40)
Flag of France Paris, France
Occupation Founder and Chairman, eBay Inc.
Salary US$0
Net worth $8.8 Billion(2007)[1]
Spouse Pamela Kerr Omidyar
Website pierre.typepad.com

Pierre M. Omidyar (born 21 June 1967) is a French-born Iranian-American entrepreneur and philanthropist/economist, and the founder/chairman of the eBay auction site. Omidyar and his wife Pam are well-known philanthropists who founded Omidyar Network in order to expand their efforts beyond non-profits to include for-profits and public policy. Image File history File links Metadata Size of this preview: 800 × 593 pixelsFull resolution (3078 × 2280 pixel, file size: 3. ... is the 172nd day of the year (173rd in leap years) in the Gregorian calendar. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... Image File history File links This is a lossless scalable vector image. ... The Eiffel Tower has become the symbol of Paris throughout the world. ... A chairperson is the political correct term for the presiding officer of a meeting, organization, committee, or other deliberative body. ... The title given to this article is incorrect due to technical limitations. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Caicos Islands, and the insular areas of the United States Inflation 2. ... is the 172nd day of the year (173rd in leap years) in the Gregorian calendar. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... For the sequel to the computer game Entrepreneur, which has no article of its own, see The Corporate Machine. ... A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... Alan Greenspan, former chairman, United States Federal Reserve. ... eBay headquarters in San Jose eBay North First Street satellite office campus (home to PayPal) eBay Inc. ... The Omidyar Network was founded in June 2004 by eBay founder Pierre Omidyar and his wife Pam in Redwood City, California. ...

Contents

Early life and work

Born in Paris, France to Iranian parents, Omidyar moved to the US at the age of six. Growing up in Washington, D.C., he developed an interest in computing while still at [[St. Andrew's Episcopal School in Bethesda, Maryland (moved to Potomac in 1998). He graduated in 1984 from St. Andrew's Episcopal School in Bethesda, Maryland, and in 1988 he graduated in computer science from Tufts University, and joined Claris, an Apple Computer subsidiary, where he helped write MacDraw. In 1991 he co-founded Ink Development, a pen-based computing startup that was later rebranded as an e-commerce company (and renamed eShop). It has been suggested that List of visitor attractions in Paris be merged into this article or section. ... For other uses, see Washington, D.C. (disambiguation). ... Computer science, or computing science, is the study of the theoretical foundations of information and computation and their implementation and application in computer systems. ... Tufts University is a private research university in Medford/Somerville, Massachusetts, suburbs of Boston. ... Claris was a computer software company formed as a spin-off from Apple Computer in 1987. ... Apple Inc. ... MacDraw was a vector-based drawing program made by Apple Computer for the early Macintosh computers; the software was later sold to Claris. ... Toshiba Portege 3500 tablet PC, in tablet configuration. ... Electronic commerce, EC, e-commerce or ecommerce consists primarily of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. ...


eBay and later career

Omidyar was 28 when he sat down over a long holiday weekend to write the original computer code for what eventually became an Internet superbrand — the auction site eBay. The frequently repeated story that eBay was founded to help Omidyar's fiancée trade PEZ candy dispensers was fabricated by a public relations manager in 1997 to interest the media. This was revealed in Adam Cohen's 2002 book[2] and confirmed by eBay. A typical PEZ dispenser and packaging PEZ is the brand name of an Austrian candy, the pocket mechanical dispensers for such candy, and an abbreviation of PEZ Candy Inc. ...


The site was launched on Labor Day, Monday, 4 September 1995, under the more prosaic title of "Auction Web"; it was hosted on a site Omidyar had created for information on the ebola virus. Auction Web was later renamed to "eBay", after Echo Bay, Omidyar's consulting firm, when "echobay.com" was unavailable. The service was free at first, but started charging in order to cover Internet service provider costs. Labour Day (or Labor Day) is an annual holiday that resulted from efforts of the labour union movement, to celebrate the economic and social achievements of workers. ... is the 247th day of the year (248th in leap years) in the Gregorian calendar. ... Ebola is both the common term used to describe a group of viruses belonging to genus Ebolavirus, family Filoviridae, and the common name for the disease which they cause, Ebola hemorrhagic fever. ... “ISP” redirects here. ...


Jeffrey Skoll joined the company in 1996. In March 1998, Meg Whitman was brought in as President and CEO and continues to run the company today. In September 1998, eBay launched a successful public offering, making both Omidyar and Skoll billionaires. As of 2005, Omidyar's 214 million eBay shares were worth around $8 billion. Jeffrey Skoll (born January 16, 1965) is a Canadian born businessman who lives in Los Angeles, California. ... Margaret C. Meg Whitman (born August 4, 1956) has been the President and CEO of the online marketplace eBay since March 1998. ... Wikipedia does not yet have an article with this exact name. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ...


Omidyar Network

Main article: Omidyar Network

The Network's stated mission is to "enable individual self-empowerment on a global scale" and employ "business as a tool for social good," inspired by 18th century economic philosopher Adam Smith. Drawing from a $200 million for-profit fund and a $200 million nonprofit fund, the Network invests in areas such as microfinance, technology and community-based initiatives expecting risk-appropriate returns on all for-profit investments. Omidyar decided to create the Network in lieu of a traditional foundation when he recognized that eBay's social impact as a for-profit company was scalable and financially self-sustaining. Omidyar cites "trust between strangers" as the social impact tied to eBay's ability to be profitable. Prior to launching Omidyar Network in June 2004, he had invested his personal money in Meetup.com, a website Omidyar did not found himself but on whose board of directors he now sits. He cites "strangers connecting over shared interests" as the social impact tied to Meetup's ability to be profitable. The Omidyar Network was founded in June 2004 by eBay founder Pierre Omidyar and his wife Pam in Redwood City, California. ... Adam Smith FRSE (baptised June 5, 1723 O.S. / June 16 N.S. – July 17, 1790) was a Scottish moral philosopher and a pioneering political economist. ... Meetup. ...


On July 19, 2007 the Network announced the forthcoming shutdown of its interactive community, omidyar.net. No reason for the shutdown was given. is the 200th day of the year (201st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...


In 2005, Omidyar donated $100 million to Tufts University to launch the Omidyar-Tufts Microfinance Fund. The fund is intended to spur economic self-empowerment for the poor in developing countries through microfinancing, while demonstrating to other institutional investors the potential of microfinance as commercially viable. Omidyar also actively invests in for-profit microfinance opportunities through Omidyar Network. The Omidyar-Tufts Microfinance Fund is a microfinance investment firm established on 4 November 2005. ... Microfinance is a term for the practice of providing financial services, such as microcredit, microsavings or microinsurance to poor people. ...


See also

Forbes magazine annually lists the worlds wealthiest individuals: The Worlds Billionaries. ...

References

  1. ^ Net worth: from Forbes: The World's Billionaires, dated March 8, 2007.
  2. ^ Cohen, Adam. The Perfect Store. ISBN 0-316-16493-3. 

is the 67th day of the year (68th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

External links

  • Forbes.com: Forbes World's Richest People
  • Pierre Omidyar's Irregularly Updated Blog
  • Tufts Microfinance Fund

  Results from FactBites:
 
Pierre Omidyar - Wikipedia, the free encyclopedia (592 words)
Omidyar and his wife Pam are well-known philanthropists who founded Omidyar Network in order to expand their efforts beyond non-profits to include for-profits and public policy.
Pierre Omidyar was just 28 when he sat down over a long holiday weekend to write the original computer code for what eventually became an Internet superbrand — the auction site eBay.
Omidyar decided to create the Network in lieu of a traditional Foundation when he recognized that eBay's social impact as a for-profit company was scalable and financially self-sustaining.
  More results at FactBites »


 

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