Omidyar Network continues in its effort to reinvent philanthropy as a network enterprise. The online community, Omidyar.net, experimented with community-based funding last year, which led to a rich, passionate, and contentious online discussion. Having evaluated that experience and redesigned the process, O/Net has announced a new round of team-based funding, with a new process:

On June 1, 2006, Omidyar Network launches a $50,000 team-based collaborative funding project with the omidyar.net community.

In this funding project:

* The community will form small teams to propose funding the nonprofit organization(s) of their choice.
* These proposals will then be voted on by the larger community for funding.
* Nonprofit organizations named in the approved proposals will be funded directly by Omidyar Network.

Please see Team-Based Funding Project FAQ's for answers to common questions posed by the omidyar.net community.