Endeavor

Endeavor Vision2020

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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.

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