The Omidyar Network is a philanthropic investment firm which helps to scale innovative organizations to catalyze economic, social, and political change. It funds both non-profit and profitable ventures, as well as several hybrids.
"Imagine what's possible if entrepreneurship flourishes worldwide. Omidyar Network aims to create opportunity for entrepreneurs to succeed. When they do, so do their families and communities. People living in poverty are often ignored by mainstream businesses. We will prioritize our support for entrepreneurs providing services and products that can improve quality of life for those most in need."
Matt Bannick is a managing partner at Omidyar Network.
Matt Bannick, managing partner at Omidyar Network, argues non-profit foundations should be investing more money in for-profit enterprises that are focused on social improvement, while handing out less money in grants.