Director/Entrepreneur in Residence Energy Access Team
Omidyar Network, Redwood City, CA
A WORLD OF POSITIVE RETURNS
Pierre Omidyar, the founder of eBay, and his wife, Pam, established Omidyar Network (ON) based on the belief that every person has the potential to make a difference. We make venture capital investments and grants to innovative organizations that create opportunities for individuals.
The firm invests across 5 key initiatives: Education, Emerging Technology, Financial Inclusion, Governance and Citizen Engagement, and Property Rights. In addition, ON has begun investing across the following new domains: Digital Identification, Technology & Society and Energy Access. This role will have the opportunity to work closely with investment leads across each initiative with the goal of maximizing both social and financial impact for all for-profit and non-profit investments. Since 2004, we have invested over $1B in for-profit investments and non-profit grants.
Energy Access is one of ON’s newest areas of focused work. Over 2 billion people worldwide lack access to reliable energy, and 60% of them have no electricity at all. We believe dependable access to electricity, for those who are totally disconnected or faced with unreliable power, enables people to achieve a higher quality of life and is a fundamental building block to economic empowerment. At ON we are focused on identifying business models and technology driven solutions addressing the issues of access, reliability, and affordability, which are necessary to achieve universal access to energy. In this new focus area, ON expects to play a range of roles, including investing in entrepreneurs and innovations, as well as market-changing policy/research interventions.
The Director/EIR will be a seasoned investor playing a key role in testing the early investment hypothesis, crafting an investment strategy, and evaluating investment opportunities. S/he will be responsible for guiding investment priorities, deepening pipeline opportunities, and thinking creatively about the key areas of intervention for ON capital. In addition to being responsible for sourcing and completing new investment opportunities, s/he will work with investees to help them achieve critical business and impact milestones. Ideal candidates will provide technical expertise in energy and
in investing. They will also bring a keen operational perspective to the ON Energy Access
team. Either full-time or contractor role is an option and the location is flexible.
Specific responsibilities include:
• Focus on execution & ongoing refinement of the investment strategy:
o Build and develop pipeline of emerging market investments o Source new opportunities
o Deal structuring and execution
o Management of portfolio companies
o Constructing balanced investment portfolio
o Learning/capturing feedback
o Identify potential areas and approaches for influence beyond direct investments
Help build the team’s thought leadership, network, and brand in the energy access ecosystem including identifying technologies and markets ripe for innovation and disruption
Represent ON engagement at multi-stakeholder initiatives and sector convenings
Draft case studies, blog posts, and articles on topics related to energy access
Oversee agenda for continuous learning
Guide annual progress reporting to ON partnership and board of directors
Take up other responsibilities as necessary
Desired Skills and Experience:
10+ years of experience, including 5+ years focus on energy
Deep passion for ensuring universal access to energy
Experience sourcing, evaluating and structuring investable opportunities in the energy or
Demonstrates deep domain knowledge, and clear understanding of technical and business
model challenges present in the emerging market energy sector
Experience representing sector and institutional interests in international settings (e.g.
involvement in multi-stakeholder initiatives or steering committees)
Strong relationships with leaders and experts in the fields of emerging markets energy
Excellent and clear written and oral communication skills
Strong strategic mindset and proven ability to innovate, collaborate and translate strategy into
Success in developing and maintaining institutional, political, and personal relationships
Ability to travel internationally as necessary
High level of comfort with ambiguity and working in a dynamic, rapidly evolving organization
About Omidyar Network
WHO WE ARE At Omidyar Network, we start from a fundamental belief: People are inherently capable, but they often lack opportunity. We believe if we invest in people, through opportunity, they will create positive returns for themselves, their families, and the world at large. We also believe that businesses can be a powerful force for good. Pierre Omidyar experienced this firsthand as the founder of eBay. Just as eBay created the opportunity for millions of people to start their own businesses, we believe market forces can be a potent driver for positive social change. That’s why we invest in both for-profit businesses and nonprofit organizations, whose complementary roles can advance entire sectors. Starting from the premise that people are basically good, Pierre created a platform that gave everyone equal access to information, opportunity, and the tools to pursue their goals. Omidyar Network invests in entrepreneurs who share our commitment to advancing social good at the pace and scale the world needs today. We are focused on five key areas we believe are building blocks for prosperous, stable, and open societies: Education, Emerging Tech, Financial Inclusion, Governance & Citizen Engagement, and Property Rights. We take calculated risks in the earliest stages of innovation, helping to transform promising ideas into successful ventures. As an active impact investor, we offer more than just financial support. We provide vital human capital capabilities, from serving on boards to consulting on strategy, coaching executives to recruiting new talent. We connect promising investees to entrepreneurial visionaries with business know-how. We also leverage the tremendous capacity of Web and mobile technologies to go beyond incremental improvement and make a significant, widespread impact. Understanding the scale and importance of this work, we don’t undertake the challenge alone. The most powerful force for change lies in our connection with others: business, government, nonprofits, and individual partners. Together, we can use our resources to transform scarcity into abundance and put enduring opportunity within reach of more people worldwide.