Matt led Omidyar Network as managing partner from 2007-2018, and he currently serves on the firm’s Board of Directors.
Matt oversaw a decade of growth that included investing more than $1 billion in 600 organizations that collectively impacted the lives of more than a billion people. He broadened Omidyar Network’s strategy to focus on entire sectors as well as making investments in early-stage entrepreneurs, and he applied approaches more typically found in venture capital, including a horizontal partnership structure to attract top talent and providing human capital expertise to support investees. He instituted a policy of hiring local talent as the firm expanded into new geographies, and he directed the establishment of an intellectual capital function to capture and share sector insights with peers and the broader field.
Matt’s tenure is also marked by his efforts in helping establish impact investing as a mainstream approach to drive positive change. He authored several pieces that framed the opportunity of the approach, co-chaired the U.S. National Advisory Board on Impact Investing, was a frequent speaker on the topic, and saw the industry reach more than $114bn in assets under management.
Prior to joining Omidyar Network, Matt served in a number of senior executive positions at eBay, and as the president of eBay International, he was largely responsible for building eBay’s global footprint and bringing the power of eBay to the developing world. Matt also served as PayPal’s first president after the eBay acquisition and established PayPal as the global standard for online payments.
Matt teaches a course on new business models in emerging markets at the Stanford Graduate School of Business, and he earned an MBA with distinction from Harvard Business School and a bachelor’s degree, Phi Beta Kappa, in international studies and economics from the University of Washington.