page 125
Today, the world is moving beyond for-profit vs. nonprofit in its
search for the most effective tools to solve critical, global problems.
Endeavor has long been on the forefront of this movement, leveraging market forces
and private sector solutions for the greater good.
Since inception, Endeavor has held the belief that high-impact entrepreneurs, when
properly nurtured, will be the key drivers of positive economic development.
The addition of our Catalyst funds helps us stand alongside leaders in this space.
Pierre Omidyar, founder of eBay, and his
wife Pam established Omidyar Network
(ON) in 2004. ON is a "philanthropic
investment firm," comprising a
foundation and an impact investment
firm, dedicated to harnessing the power
of markets to create opportunity for
people to improve their lives.
Mark Zuckerberg, founder and
CEO of Facebook, and his wife
Priscilla Chan are contributing
up to $1bn in shares to the Chan
Zuckerberg Initiative, in each of
the next three years, to advance
human potential and promote
equality in areas such as health,
education, scientific research, and
energy. The Chan Zuckerberg
Initiative, a Limited Liability
Company, is a recent example
of philanthrocapitalism.
