Lecturer in Management
Matt Bannick is the former managing partner of Omidyar Network, a philanthropic venture capital firm and pioneering impact investor. Under Matt’s leadership, Omidyar Network invested more than $1.3 billion in early stage for-profit and social ventures, impacting tens of millions of lives and helping to create new high-impact markets. Matt built several initiatives at the Omidyar Network, most of which were spun out as independent impact investment funds. These include Flourish Ventures (financial inclusion), Spero Ventures (emerging tech), Imaginable Futures (education), Luminate (government transparency and accountability) and Omidyar Network India.
Prior to joining Omidyar Network, Matt served in various 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. Under Matt’s leadership, eBay International expanded from five to 25 countries grew from about $20 million in annual revenue to more than $2 billion. After eBay acquired PayPal in 2002, Matt was selected to be PayPal’s first post-acquisition president. With Matt at the helm, PayPal tripled its revenue in less than two years and established a strong global presence. Before eBay, Matt served for five years as the North American president of NavTeq, the leading provider of digital map databases for vehicle navigation systems and internet and mobile applications. Matt was also a management consultant with McKinsey & Company, both in Europe and North America, and served as a United States diplomat in Germany during the time of the fall of the Berlin Wall and German unification.
Matt teaches a two courses at the Graduate School of Business: one on impact measurement and one on high impact business models in emerging markets.
Matt currently serves on the board of the Stanford Institute for Innovation in Developing Economies (SEED).
Matt 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.