If eBay founder Pierre Omidyar is like a mini-Santa for the emerging world, the Clinton Global Initiative annual meeting is his Christmas. Last year his foundation, the Omidyar Network, announced a $30 million fund, and today he’s announced another $55 million investment.
Last year’s fund was focused on helping people’s lives by funding high-impact entrepreneurs in Sub-Saharan Africa and India… → Read More
Forbes released its list of the world’s billionaires and it looks like the U.S. tech billionaires took a pretty hefty hit from the economic crisis. The 40 tech billionaires we identified on the list collectively lost $81.5 billion compared to their standing in last year’s list. That is a drop in the bucket compared to the $1.4 trillion in net worth that disappeared from the entire Forbes’ list… → Read More
Pierre Omidyar left eBay long ago to become a billionaire philanthropist and angel investor, but he is taking on an operational role in a new startup called Peer News. It operates a Twitter app called Ginx currently in “private pre-alpha.” That means nobody but Pierre and a few pals are supposed to know about it. But Dan Primack at PEHub found an SEC filing indicating that Peer News has raised… → Read More