Monday, August 23, 2004

Pierre Omidyar describes changes to the Omidyar Foundation

Pierre's Web: What I've been up to:

Ever since eBay, I've been inspired by people discovering their own power, and believed that every individual can make a difference. It seems obvious now, but we finally asked ourselves the question: "If eBay is such a good example of people discovering their own power, then does it make sense that as a Foundation, we wouldn't be able to invest in something like eBay?"

We realized that legal structure -- for-profit versus non-profit -- wasn't all that relevant to what we believed in. What was important was our simple core belief: that every individual has the power to make a difference.

So, we created the Omidyar Network for one single purpose: so that more and more people discover their own power to make good things happen.

(Tip o' the hat to anil's daily links)