Pierre Omidyar Posts

eBay Founder Pierre Omidyar defends keeping PayPal

Pierre Omidyar
eBay founder Pierre Omidyar announced on Thursday that Carl Icahn’s claims that the company is not operating in the interest of shareholders are false. Icahn wrote three letters to eBay shareholders that urges the splitting off of PayPal, which is the fastest growing division at eBay and accounts for around 40% of the company’s revenues.
Continue reading →

eBay founder Pierre Omidyar launches The Intercept

Pierre Omidyar
Pierre Omidyar, the billionaire founder behind eBay, has launched a new online publication called The Intercept. This is the first online website from First Look Media (FLM). The first story on the website was about the NSA and drone attacks.
Continue reading →

eBay founder contributes to Versa’s seed funding

Versa Logo
Versa is a startup that puts together sponsored op-eds that is called Featured Perspectives. Versa has announced that they have raised additional funding led by The Omidyar Network, which is the venture capital firm created by eBay founder Pierre Omidyar. Versa has now raised a total of $2 million in seed funding. Other investors that participated in this round include John S. and James L. Knight Foundation and Quotidian Ventures. Versa used to be known as ElectNext. The Versa Media Network connects online publishers and organizations that want to pay to have their opinions and content featured in articles.
[Source: TechCrunch]

Pierre Omidyar And Glenn Greenwald To Launch A New Media Startup

Pierre Omidyar
Pierre Omidyar (pictured above), the founder of eBay, is worth around $8.7 billion according to Forbes.  Omidyar was interested in buying The Washington Post, but Amazon.com founder Jeff Bezos outbid Omidyar with a final price of $250 million.  Omidyar has decided to start a media startup from the ground up as a result.  He has also partnered with Glenn Greenwald, a former reporter at The Guardian that first wrote about Edward Snowden’s NSA leaks.
Continue reading →

Change.org Raises $15 Million From Omidyar Network and Uprising

Change.org
Change.org
 is a petition website that has over 25 million users that has raised their first large round of outside funding after starting six years ago.  The company raised $15 million in a round of funding led by Pierre and Pam Omidyar.  Pierre Omidyar is known for being the founder of eBay.  Pierre and Pam used the wealth that they attained from eBay to launch the philanthropic initiative company Omidyar Network.  Another investor in this round of funding was from Uprising.

Continue reading →

Dan Gilbert (Quicken Loans) and Manoj Bhargava (5 Hour Energy) Join Giving Pledge

Dan GilbertManoj Bhargava
Dan Gilbert, the founder of Quicken Loans, and Manoj Bhargava, the founder of 5-Hour Energy, are among two billionaires from Michigan that have joined Giving Pledge.  Giving Pledge is an organization created by Bill Gates and Warren Buffett to redistribute their wealth to charity.

Continue reading →

Google, Twitter, Yahoo!, and Other Tech Company Execs Sign Petition Against SOPA


Stop Online Piracy Act is a bill that was introduced in the U.S. House of Representatives in October 2011 by Lamar Smith (R-TX). This Act would allow the Department of Justice and copyright holders to seek court orders against websites accused of copyright infringement that would prevent online ad networks and payment facilitators from doing business with those websites. Opponents in this bill believe that this is Internet censorship. Google co-founder Sergey Brin, Twitter co-founder Jack Dorsey, PayPal co-founder Elon Musk, and Yahoo! co-founder Jerry Yang oppose the bill. Their letter will appear as a paid ad in The New York Times, The Washington Post, and other newspapers.
Continue reading →

eBay Founder Pierre Omidyar Starting Local News Service In Honolulu

pierre-omidyar
eBay Inc. founder Pierre Omidyar is starting up a new venture in Honolulu, Hawaii. The venture will focus on issues taking place in Hawaii. Omidyar is partnering with eBay VP Randy Ching on the new project.

“We’re starting something up in our own backyard,” stated Omidyar on his blog. “We are creating a Honolulu-based local news service that will produce original, in-depth reporting and analysis of local issues in Hawaii… We have a lot of work to do before our public launch in early 2010.”

Omidyar is also close to finishing up his Ginx project with Ching. Ginx is expected to be a recommendation website that utilizes Twitter.

Through eBay and other ventures, Omidyar’s net worth is at $5.5 billion.