Thomas Kriese for Omidyar.net:
We'd like you to know Omidyar Network will provide $25,000 for the community of omidyar.net members to decide where the money ought to be invested.
How it happens is up to you. We'd love it if the community would work together to create a process to find/vet/decide how to invest the money. It would probably be useful to start the discussion on what this process might look like in a new thread (or even in a new group).
Maybe someone wants to make the first swing at it?
In a significant break with foundation top down philanthropy, the Omidyar's will award the money based on criteria, and a process created by and managed by the community itself at Omidyar.net/home. What? Yes, the people will decide, and will even decide how to decide. Go figure. Sounds like the lunatics have taken over the asylum. If this catches who knows where it could lead? Democracy, maybe. Were the Omidyar's to add a few zeroes, or ten, awarding many such prizes, as they could, they might revolutionize more than philanthropy. Who knows, maybe all those highly paid staff at the big foundations could be disintermediated by an online community? For better or worse?