Digital Daily » Omidyar Network http://digitaldaily.allthingsd.com by John Paczkowski Wed, 25 Nov 2009 01:37:38 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Wikipedia: "Free" as in Thanks for Your $2 Million Donation http://digitaldaily.allthingsd.com/20090825/wikipedia-free-as-in-thanks-for-your-2-million-donation/ http://digitaldaily.allthingsd.com/20090825/wikipedia-free-as-in-thanks-for-your-2-million-donation/#comments Tue, 25 Aug 2009 22:44:35 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=23666 picture_13August has been a lucrative month for the Wikimedia Foundation. Last week, the nonprofit organization that operates Wikipedia received a $500,000 grant from the William and Flora Hewlett Foundation. Now it has been given a $2 million grant from the Omidyar Network, eBay (EBAY) founder Pierre Omidyar’s philanthropic investment group. Like those donated by the Hewlett Foundation, these funds will be used to support Wikimedia’s goal of bringing free educational content to every person on the planet.

Former-eBay-exec-turned-Omidyar-partner Matt Halprin will become the ninth member of the Wikimedia Board of Trustees as part of the deal.

]]> http://digitaldaily.allthingsd.com/20090825/wikipedia-free-as-in-thanks-for-your-2-million-donation/feed/ 0 Digg Dugg: $28.7 Million http://digitaldaily.allthingsd.com/20080924/digg-dugg-287-million/ http://digitaldaily.allthingsd.com/20080924/digg-dugg-287-million/#comments Wed, 24 Sep 2008 18:29:52 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=5612 Digg, the social news site that’s long been rumored to be up for sale, has raised $28.7 million in a Series C venture round led by Highland Capital Partners. Existing backers Silicon Valley Bank, Greylock Partners and the Omidyar Network also participated.

“Today is a big day for Digg,” CEO Jay Adelson wrote on the company blog. “We’re announcing a major expansion effort–the largest we’ve undergone in our history. With a new round of funding, we’re accelerating many of the programs that we’ve been working on over the past several months, including investments in infrastructure, new feature development, international expansion and hiring all the people we need to get there.”

As noted by Adelson, Digg will put some of the funds toward the rollout of an international growth strategy in early 2009.

Not exactly the sort of announcement you’d expect from a company rumored to be the prize in a bidding war between Microsoft (MSFT) and Google (GOOG). But then maybe it’s trying to drive its asking price back up to $300 million from the more realistic $200-$225 million figure recently batted around.

Question is: is Digg worth that much?

]]> http://digitaldaily.allthingsd.com/20080924/digg-dugg-287-million/feed/ 1