French - Businessman | June 21, 1967 -
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.
Pierre Omidyar
ValueFinancialInformationWill
In February of 1996, about six months after I created eBay, I started receiving a spate of complaints. Everyone was complaining about each other. I felt very much like I was a parent who had to adjudicate the brothers beating each other up.
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I do like to fly under the radar. When I walk around town, the only people I want to recognise me and call me by my name are the folks at Starbucks.
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News organisations that have been around a while have a lot of traditions and ways of doing things that may have served them for many years but perhaps make them less flexible in the digital era. As an entrepreneur, it just makes more sense to start something new.
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A lot of people don't just go ahead and try things.
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I'm a technologist by origin and by training, but I'm focused on philanthropy.
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When you have mass surveillance, it's impossible to meet the intent of the First Amendment because reporters can't talk to sources because sources are afraid to talk.
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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.
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eBay's business is based on enabling someone to do business with another person, and to do that, they first have to develop some measure of trust, either in the other person or the system.
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I had the notion that, OK, so now we have all of this wealth, we could buy not only one expensive car, we could buy all of them. As soon as you realize that you could buy all of them, then none of them are particularly interesting or satisfying.
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If you can get over this initial distrust that people have of strangers, you can do remarkable things.
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You can invest in companies, you can help grow companies, you can be a venture capitalist - and be a philanthropist at the same time.
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