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Pierre Omidyar launched eBay on Labor Day 1995 as an experiment in how a level playing field would affect the efficiency of a marketplace. Today, more than one million people rely on eBay as their primary or secondary source of income, and more than 200 million people trust strangers with every transaction, finding common ground where none seemed to exist before. After eBay became a public company in 1998, Pierre and his wife, Pam, co-founded the Omidyar Foundation to fund nonprofits. Yet they found that their vision required a broader, more flexible toolset than the foundation could offer. At the same time, eBay's tremendous social impact as a for-profit company was demonstrating that business could also be an effective tool for making the world a better place. In response, they broadened their scope in 2004 and formed a new entity, Omidyar Network, to make investments as well as grants. To date, Omidyar Network has engaged in a number of areas that leverage market-based, collaborative approaches in order to unleash human potential on a global scale. As an extension of Omidyar Network's activities in microfinance, in 2005, Pierre and Pam Omidyar gave $100 million to Tufts to create the Omidyar-Tufts Microfinance Fund. Their endowment gift, the single largest in the history of Tufts, is aimed at accelerating growth in the microfinance sector and is being invested solely in microfinance initiatives. Prior to founding eBay, Pierre co-founded Ink Development Corp., later renamed eShop and acquired by Microsoft. After graduating from Tufts with a B.S. in computer science, he joined Claris, a subsidiary of Apple Computer, as a consumer software engineer. Today, Pierre serves as a trustee of Tufts University, Punahou School and Santa Fe Institute, a director of Meetup, and chairman of eBay Inc.
As co-founder, Pam played an integral part in developing Omidyar Network's mission and values. Those values serve as the foundation for Pam's other endeavors as well. Pam's primary focus is alleviating human suffering, specifically ending mass atrocities and modern-day slavery. In 2005, she established Humanity United to build a world where slavery and mass atrocities are no longer possible. Humanity United supports efforts that empower individuals and leaders on the ground and globally, and brings together the best in field-based research, effective policy solutions, and public pressure. In 2000, Pam founded HopeLab, a nonprofit organization that combines the highest standards of scientific research with innovative solutions to improve the health and quality of life for young people with chronic illness. In August 2006, HopeLab released Re-Mission, a state of the art video game for adolescents with cancer. A clinical study of Re-Mission showed positive outcomes in self-efficacy and QOL measures, cancer-related knowledge, and adherence to treatment. Pam serves as a board member of Tufts University's Tisch College of Public Service. She earned a BS in biology from Tufts University and a master's degree in molecular genetics from the University of California at Santa Cruz.
Matt brings a wide range of executive, international and multi-sector experience to his leadership of Omidyar Network. Matt served in a series of senior executive roles at eBay from 1999 to 2007. Among Matt's most significant accomplishments was leading eBay's early international expansion efforts. As the general manager of eBay International, Matt grew the company's global presence from five countries in mid 2000 to 25 countries two years later. During that time, he grew international revenue from approximately $2 million per quarter to more than $100 million per quarter. Matt also enhanced eBay's position in Europe through the acquisition of Paris-based iBazar and made additional acquisitions and investments in South Korea, China, Australia and Latin America--laying the foundation for eBay's international success. After eBay acquired PayPal in 2002, Matt served as PayPal's first post-acquisition general manager. Under his leadership, PayPal's revenue more than tripled in its first two years with eBay. PayPal also developed a strong presence in the merchant services market and expanded globally, entering 10 new markets outside the U.S. In December 2004, Matt returned to eBay International as president, where he oversaw the continued global expansion of the eBay Marketplace. In 2006, international activity accounted for more than half of gross merchandise volume on the eBay Marketplace. Matt has also spearheaded eBay's initiatives in Global Development and Citizenship, where he worked to bring the power of eBay to the developing world. Prior to joining eBay, Matt served for four years as the North American president of NavTeq, the leading provider of digital map databases for the in-vehicle navigation system and online routing markets. Matt also served as NavTeq's head of strategy as well as chief of operations and marketing for North America. Prior to joining NavTeq, Matt was a management consultant with McKinsey and Company, both in Europe and North America. Matt also served as a United States diplomat in Germany during the time of the fall of the Berlin Wall and German unification. In the late 1980s, Matt worked on middle market buy-out transactions for Chemical Bank in New York. Matt earned an MBA with distinction from the Harvard Business School and a bachelor's degree (Phi Beta Kappa) in International Studies and Economics from the University of Washington.
Mike brings more than 25 years of diverse financial and managerial experience to Omidyar Network. For more than 20 years, he has specialized in the broad and complex array of issues facing very wealthy families. He is the founder and chairman of Comprehensive Financial Management, one of the nation's premier multi-family offices and has served as a close advisor to the Omidyars for many years. His primary responsibilities as advisor include oversight of all public and private investments, income and estate planning, accounting, management reporting and special projects. Mike serves as a trustee, director and officer of a significant number of charitable organizations and commercial ventures.
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