A Flexible Approach to Funding Entrepreneurs


by Matt Bannick

I spent eight years at eBay learning how businesses can create opportunities for people and benefit society. eBay supports millions of Internet entrepreneurs and $60 billion worth of commerce. But in my time as president of eBay International, I also realized that the firm’s social efforts wouldn’t necessarily reach poor people in less-connected parts of the world, because the expected financial returns in these geographies didn’t warrant expansion on our part.

This was much on my mind when I joined Omidyar Network three years ago to oversee its philanthropic strategy. The bottom line at ON is societal value. We believe in “flexible capital” — that is, we invest financial and human resources in both for-profit and nonprofit ventures. It’s not an either-or decision for us; we believe using both grants and for-profit investments can be powerfully complementary. Leer más “A Flexible Approach to Funding Entrepreneurs”

Defining Innovation

We often toss around the terms “innovative” or “innovation” when describing companies, products, services, or experiences. It almost seems as though the term(s) are overused. In fact, a Google search for “innovation” returns over 97 million results! If you’re one of those that throws around the term, have you ever compared the definition of “innovation” to see if it actually fits? That could prove confusing too since there are over 18.8 million search results for “definition of innovation”. If we use the Merriam-Webster Dictionary’s definition of “innovation”, it would be described as “the introduction of something new [or] a new idea, method or device”.


Posted by Justin Levy

We often toss around the terms “innovative” or “innovation” when describing companies, products, services, or experiences.  It almost seems as though the term(s) are overused.  In fact, a Google search for “innovation” returns over 97 million results!  If you’re one of those that throws around the term, have you ever compared the definition of “innovation”

We often toss around the terms “innovative” or “innovation” when describing companies, products, services, or experiences.  It almost seems as though the term(s) are overused.  In fact, a Google search for “innovation” returns over 97 million results!  If you’re one of those that throws around the term, have you ever compared the definition of “innovation” to see if it actually fits?  That could prove confusing too since there are over 18.8 million search results for “definition of innovation”.  If we use the Merriam-Webster Dictionary’s definition of “innovation”, it would be described as “the introduction of something new [or] a new idea, method or device”. Leer más “Defining Innovation”