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Ebay's success as a company depends on the success of the community of sellers.
Companies in Silicon Valley invest a lot in understanding their users and what drives user engagement.
Microfinance initiatives are very high-touch models. The loan officer meets with local groups of borrowers every week, they share tips and techniques. There's a lot of training and learning that goes on, which adds to the cost of the model.
My dad was a physician. As a kid, I remember driving around with him on weekends so he could do his rounds at the hospital and talk to patients. We'd spend time in the car talking about what was going on with them, their stories.
You can invest in companies, you can help grow companies, you can be a venture capitalist - and be a philanthropist at the same time.
Advertisers don't want to put their ads next to the investigative story; it's extremely difficult to do that. And very few people today actually read those serious news stories on the Web now.
News organisations that have been around a while have a lot of traditions and ways of doing things that may have served them for many years but perhaps make them less flexible in the digital era. As an entrepreneur, it just makes more sense to start something new.
I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
If you can get over this initial distrust that people have of strangers, you can do remarkable things.
I have always been of the opinion that the right kind of journalism is a critical part of our democracy.
In the early days of eBay, I articulated for the very first time this belief that people are basically good.
In order to access private capital, you have to provide competitive return on investment. In order to give competitive returns to investors, you've got to operate on a profitable basis and be thinking of yourself as a business.
My parents made me believe I could do anything I wanted to do. They were really into empowering me.
I developed an interest in supporting independent journalists in a way that leverages their work to the greatest extent possible, all in support of the public interest.
I had the notion that, OK, so now we have all of this wealth, we could buy not only one expensive car, we could buy all of them. As soon as you realize that you could buy all of them, then none of them are particularly interesting or satisfying.
Technologists come at a problem from the point of view that the system is working a certain way, and if I engage in that system and actually change the rules of the system, I can make it work a different way.
I'm a technologist by origin and by training, but I'm focused on philanthropy.
As a philanthropist, I try to help people take ownership. Everything I've done is rooted in the notion that every human being is born equally capable. What people lack is equal opportunity.
In terms of my belief that one individual can make a difference - that belief comes from my parents.
If you give people the opportunity to do the right thing, you'll rarely be disappointed.
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