Capitalism Reimagined | October 12, 2021

Omidyar Network commits $10 million in grants for reimagining capitalism

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 12 — Markets can be, and are being, reshaped by movements, policies and investments. Omidyar Network, which has spun off a half-dozen venture funds into separate organizations, has made ‘reimagining capitalism’ an overarching priority.

The social impact venture is allocating $10 million to organizations with new models and policy planks to incentivize investors for impact and empower stakeholders to hold companies accountable, including Americans For Financial Reform, B Lab, Interfaith Center on Corporate Responsibility, The Shareholder Commons, The Value Reporting Foundation and United4Respect.

Power (and policy) shift

The goal is to “to shift toward an economic system in which markets incentivize businesses to contribute to the common good, and simultaneously curb the pressures that drive negative outcomes for people and planet,” says Omidyar’s Chris Jurgens, who will lead the portfolio (listen to the podcast, “Omidyar Network’s Chris Jurgens on mobilizing policies and power for an economy that works for all).

Capitalism reimagined

In partnership with Omidyar Network, ImpactAlpha has been digging into the new ideas, rules and power dynamics of the next version, including on two Agents of Impact Calls. Catch up on all of our coverage.