# Pierre invests in Socialtext

- Author: Joichi Ito
- Date: 2004-08-24T05:48:47Z


Pierre Omidyar the founder of eBay has a new project called the Omidyar Network. They just invested in SocialText, a wiki company that I've invested in and am on the board of. Pierre blogs about the Omidyar network and the investment in Socialtext. If you have heard of the Omidyar Network:Omidyar NetworkWe believe every individual
has the power to make a difference.

We exist for one single purpose:
So that more and more people discover their own
power to make good things happen.

We are actively building a network of participants
because we know we can't do this alone.Other investors in this Series A funding include Reid Hoffman, Mark Pincus and Jun Makihara. Full story on Socialtext page. Congrats and thanks to all involved.





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#### Categories

Social Software, Socialtext, Wiki