Pierre Omidyar
Pierre Omidyar
Pierre Morad Omidyaris a French-born Iranian-American entrepreneur and philanthropist. He is the founder of the eBay auction site where he served as Chairman from 1998 to 2015. He became a billionaire at the age of 31 with eBay's 1998 initial public offering. Omidyar and his wife Pamela are well-known philanthropists who founded Omidyar Network in 2004 in order to expand their efforts beyond nonprofits to include for-profits and public policy...
NationalityFrench
ProfessionEntrepreneur
Date of Birth21 June 1967
CityParis, France
CountryFrance
I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
I never had it in mind that I would start a company one day and it would really be successful. I have just been motivated by working on interesting technology
I developed an interest in supporting independent journalists in a way that leverages their work to the greatest extent possible, all in support of the public interest.
The revenues came in at $500, and I thought, 'This is pretty good,'
The interesting thing was, I started eBay off as a hobby so it was free of charge.
Advertisers don't want to put their ads next to the investigative story; it's extremely difficult to do that. And very few people today actually read those serious news stories on the Web now.
A well-functioning microfinance bank can actually be a profitable business as well. So it became a perfect proof point that, through business, you can provide an experience that leads to individual self-empowerment.
Technologists come at a problem from the point of view that the system is working a certain way, and if I engage in that system and actually change the rules of the system, I can make it work a different way.
a little bit of the ponytail about it.
One of the things that I repeat probably every day here is that our success is built on our community's success.
It's a challenge to invest as much as we want,
We believe that business can be a tool for social good, ... Microfinance has already shown that enabling the poor to empower themselves economically can be good business.
In the early days of eBay, I articulated for the very first time this belief that people are basically good.
People naturally gravitate towards eBay because it's the largest marketplace. We're the original. We've been around the longest and so far, we've been able to hold our own.