Omidyar Network Extends Funding to Y-Combinator Start Up, Kalibrr
MANILA, Philippines, MUMBAI, India, and Redwood City, Calif. (4 December 2013) – Omidyar Network today announced its investment in Kalibrr, a Manila-based company that offers an online recruitment and talent management platform for fast-growing companies. Kalibrr aims to streamline the way companies discover, screen, and develop talent through a dynamic and predictive assessment that is deployed online as part of the job application process. Additional terms of the deal were not disclosed.
The Omidyar way of giving
The billionaire’s dilemma: spend $250m on buying the venerable Washington Post, or splash the cash on a start-up news network to be headed by a controversial investigative journalist with no experience of running anything? It is entirely in character that Pierre Omidyar chose the second option, bankrolling the new journalism venture of Glenn Greenwald, best known for his reporting on the National Security Agency. Mr Omidyar did not become a billionaire at the age of 31 by fixing an established institution, but by building eBay from scratch into a worldwide online marketplace.