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PIERRE OMIDYAR

Born: 1967 in Paris
Other Names: Parviz Omidyar

Personal: married to Pam, with two children. Lives in Redwood City, CA.
Education: B.S. in Computer Science from Tufts University.

Occupation: Computer Programmer, Founder of eBay, Co-Founder of Omidyar Networks, Philanthropist
Claim to Fame: eBay

Famous Quote: We believe people are basically good. Treat others the way that you want to be treated.

Biography

Early Years:

Born to an Iranian family in Paris in 1967, Pierre Omidyar was blessed with educated parents who taught him a strong value system at an early age. With a doctor for a father and a linguist for a mother, Pierre, an only child, was six when the family moved to Baltimore so that his father could complete a urology residency at Johns Hopkins. As a child, Pierre was fascinated and very good with computers and programming. After completing high school, Omidyar pursued a computer science degree at Tufts University, where he also met his future wife Pam.

Online Auction Man:

In his junior year at Tufts, Omidyar took a summer intership with Innovative Data Design, which led to a full-time job. He moved out to California to complete his undergraduate degree at Berkeley. Omidyar's next job was with Claris, an Apple sub, where he developed consumer applications. Following a botched IPO at Claris, Omidyar founded Ink Development Corporation in 1991 to develop software for pen-based computers, like the Palm stylus of today. It took the company a year and a half to abandon that project and develop for e-commerce. The first eShop was launched on closed networks, which did not please Omidyar. Microsoft bought eShops two year later and made Omidyar a millionaire with the stock.

Omidyar's next job at General Magic gave him the internet and public exposure that he had seeked all these years. This startup, founded by a group of Apple veterans, tried to build a new generation of small, communication-oriented Apple computers that would work with telephones and faxes. Omidyar went on to co-founded Ink Development Corp., which was later renamed eShop and acquired by Microsoft.

While at General Magic, Omidyar created his first auction website in his free time and called it AuctionWeb. The project was started in 1995 as a part-time hobby, supposedly to help his fiancée Pam with her eclectic PEZ dispenser collection. Omidyar had to rename the company to eBay because the initial intended name "Echo Bay" was already taken by another company. Initial postins were marketed through other message boards and a small user following which grew over time. Although Omidyar has started Auctionweb as a free service for listing items. he had to start charging in order to cover his basic ISP costs. In 1996 Jeff Skoll, a Stanford MBA, joined the company and by 1998 eBay had gone public, making Omidyar a billionaire. His current net worth according to Fortune Magazine's 40 under 40 Article (9/03) is just over $7 billion. Pierre and Pam are concerned with many issues and work as philanthropists through such organizations as the recently founded Omidyar Network. Omidyar also finds time to serve as a trustee of Tufts University and Santa Fe Institute, a director of Meetup, and as Chairman of Omidyar Network and of eBay Inc.

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