Omidyar Puts $750K Into Jumo
Redwood City-based Omidyar Network, the philanthropic investment firm of eBay's Pierre Omidyar, said this morning that it has invested $750K in a grant to Jumo, a philanthropic web organization started by Facebook co-founder Chris Hughes. According to Omidyar, Jumo is developing a web-based platform for initiating and fostering ongoing relationships between individuals and cause-based organizations. As part of the grant, Omidyar's Chris Bishko joins Jumo's board of directors. Omidyar said that Jumo specifically focuses on groups "bringing about positive social change."
posted on Tuesday, September 14, 2010
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