As Managing Partner, Matt Bannick leads all aspects of Omidyar Network’s operations and strategy. He works closely with the Co-founders and Board of Directors to ensure that Omidyar Network achieves its long-term mission and strategic objectives.
Matt brings a wide range of executive, international, and multi-sector experience to his leadership of Omidyar Network. From 1999 to 2007, Matt was a member of eBay’s executive staff and served in a number of senior executive roles. As the general manager and later as president of eBay International, Matt was largely responsible for building eBay’s global footprint and driving phenomenal revenue growth. He grew the company’s global presence from five countries in mid 2000 to 25 countries two years later. During that time, he grew international revenue from approximately $2 million per quarter to more than $100 million per quarter.
After eBay acquired PayPal in 2002, Matt was selected to be PayPal’s first post-acquisition president and established PayPal as the global standard for online payments. Under his leadership, PayPal’s revenue more than tripled in its first two years with eBay. In 2004, Matt returned to eBay International, increasing annual revenue to nearly $2 billion, which was nearly half of eBay marketplace revenue. Matt also spearheaded eBay’s initiatives in Global Development and Citizenship, where he worked to bring the power of eBay to the developing world.
Prior to joining eBay, Matt served for four years as the North American president of NavTeq, the leading provider of digital map databases for the in-vehicle navigation system and online routing markets. Prior to joining NavTeq, Matt was a management consultant with McKinsey and Company, both in Europe and North America. Matt also served as a United States diplomat in Germany during the time of the fall of the Berlin Wall and German unification.
Matt currently serves on the Boards of Bridge International Academies, Endeavor, Unitus, and the Rural Development Institute. He earned an MBA with distinction from Harvard Business School and a bachelor’s degree, Phi Beta Kappa, in international studies and economics from the University of Washington.