On the day Pierre Omidyar became a billionaire, he knew he wanted to put his money to good use. To do so, he created Omidyar Network (ON), an organization that invests in promising social enterprises, some of which serve the world’s poorest populations.
After initially starting a nonprofit family foundation, Omidyar decided to create a new organization that would use the power of business to address global poverty. Omidyar had watched eBay become a powerful influence in online commerce — empowering many people to become entrepreneurs — and wanted to help other underserved populations in a similar way.
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