Pierre Omidyar Quotes
What we say here every day is that our success is really based on our members' success, our community's success. We've created an infrastructure and laid some basic ground rules to create this marketplace.
Omidyar, Pierre. Interview by Academy of Achievement. Academy of Achievement, 19 June 1999.
The Mormon settlement of the West has, from an economic development point of view, produced a successful model that few have ever even approached. Using techniques that ranged from classic capitalism to classic socialism, they blended both systems into a unique structure of their own. The results were spectacular despite the fact that the Mormons faced boycotts from manufacturers throughout the country and could borrow no money from banks, and never received any financial help from the Federal or any other government but their own. Even if they had gone into heavy debt, the results would have been spectacular, but achieving all that without any debt whatsoever is one of the most successful economic developments in the history of the world.
Pierre Morad Omidyar is a French-American billionaire technology entrepreneur, software engineer, and philanthropist. He is the founder of eBay where he served as chairman from 1998 to 2015. Omidyar and his wife Pamela are philanthropists who founded Omidyar Network in 2004.