Jeffrey Skoll

Last updated

Jeffrey Skoll
OC
Jeff Skoll 2013 (5576999744).jpg
Skoll in 2013
Born (1965-01-16) January 16, 1965 (age 59)
Montreal, Quebec, Canada
Alma mater University of Toronto
Stanford University
Occupations
Spouse
Stephanie Swedlove
​
​
(m. 2014;div. 2019)​

Jeffrey Stuart Skoll OC (born January 16, 1965) [1] is a Canadian engineer, billionaire internet entrepreneur and film producer. He was the first president of eBay, eventually using the wealth this gave him to become a philanthropist, particularly through the Skoll Foundation, and his media company Participant Media. He founded an investment firm, Capricorn Investment Group, soon after and currently serves as its chairman. Born in Montreal, Quebec, he graduated from University of Toronto in 1987 and left Canada to attend Stanford University's business school in 1993.

Contents

Shortly after graduating from business school, he began his career at eBay, where he wrote the business plan that the company followed from its emergence as a start-up to a larger company. While at the company, he began the eBay Foundation which was allocated pre-IPO stock now worth $32 million. Once eBay's second largest stockholder, behind Omidyar, he subsequently cashed out a portion of his company holdings, netting him about $2 billion. [2] [3] With an estimated net worth of $4 billion (as of December 2016), Skoll was ranked by Forbes as the seventh wealthiest Canadian and 134th in the United States. [4]

Through his former film production company, Participant–of which he was founder, owner, and chairman–he produced numerous critically acclaimed films. His first films Syriana (2005), Good Night, and Good Luck (2005), and North Country (2005), along with the documentary Murderball (2005), accounted for 11 Oscar nominations in 2006. His subsequent films have included An Inconvenient Truth (2006), Fast Food Nation (2006), The World According to Sesame Street (2006), Waiting for "Superman" (2010), Lincoln (2012), and his latest, Spotlight (2015) won the Academy Award for Best Picture in 2016. [5]

Early life

Jeff Skoll was born to a Jewish family in Montreal, Quebec, Canada. [6] [7] [8] His mother was a teacher [2] and his father was a chemical company owner who sold industrial chemicals. [9] The family settled in Toronto in the late seventies. When Skoll was fourteen, his father was diagnosed with cancer which prompted him to discuss with his son how much he regretted not having had the time to do everything he had planned in life. His first job was pumping gas at a York Mills gas station.

He graduated with a BASc with honours in 1987 from the University of Toronto's electrical engineering program. While an undergraduate student, he co-edited the engineering students' satirical newspaper The Toike Oike. He paid his way through college by pumping gas in North York, Ontario. After graduating he backpacked around the world for several months before returning and founding two businesses in Toronto: Skoll Engineering, an information technology consulting firm and Micros on the Move Ltd., a computer rental firm. He left Canada in 1993 to earn a Master of Business Administration degree at Stanford Graduate School of Business, graduating in 1995. After Stanford he worked on internet projects for publishing company Knight-Ridder. [10]

Skoll's eBay era

In 1996, Skoll met eBay's founder Pierre Omidyar, who hired him as the company's first president and first full-time employee. [11] [12] While eBay was already profitable at the time Skoll joined, he wrote the business plan that eBay followed in subsequent years, using a typical five-year projection. [13] He remained President until the arrival of Meg Whitman in January 1998 when he became Vice President, Strategic Planning and Analysis until back problems necessitated his departure from full-time employment at the company. In 1998, he championed the creation of the eBay Foundation, which was allocated pre-IPO stock now worth $32 million. Once eBay's second largest stockholder, behind Omidyar, he subsequently cashed out a portion of his company holdings, yielding him around $2 billion. [2] [3]

Participant

In 2004, Skoll founded the company Participant to create films that increase public awareness of critical social issues and give audiences opportunities to get involved through education and social action campaigns. [14] [15] In 2005, Skoll's first Participant productions were released, with Syriana; Good Night, and Good Luck; North Country; and Murderball, together garnering 11 Oscar nominations. [16] A year later, Skoll financed and played a key role in the creation of the environmental documentary, An Inconvenient Truth, which grew out of a slideshow developed by former U.S. Vice President Al Gore on the climate crisis. The film won the 2006 Academy Award for Best Feature Documentary. [17] "I would never have predicted that a film like An Inconvenient Truth would impact so many people", Skoll told Philanthropy Roundtable. [16]

The Financial Times reported in 2009 that Participant allows Skoll to "pursue social and political causes through a mass medium. From modest beginnings, the company (which Skoll chairs, supported by a team of executives) is now a serious player." [18] Fortune wrote the next year that Skoll's films are not typical Hollywood fare, "they tackle weighty subjects such as eco-Armageddon, petro-terrorism, education reform, and women's rights. In short they tend to reflect Skoll's progressive, and ultimately optimistic, worldview that shining a light on the world's problems will inspire people to band together to bring about change on a large scale. (Indeed, the name 'Participant' evokes a call to action.)" [19]

Skoll has served as Executive Producer or Producer on nearly 100 Participant films, including Spotlight , Roma , and American Factory , [20] [21] and as of 2019 Participant has won 18 Oscars and received 73 Academy Award nominations. [22] In 2020, the company received another Academy Award nomination and win for best documentary feature for American Factory. [23]

According to The Hollywood Reporter, in 2014 Skoll funded the creation of the Skoll Center for Social Impact Entertainment at the UCLA School of Theater, Film and Television, saying at the time: "I founded Participant Media in the belief that a story well told has the power to ignite positive social change. This new center at UCLA TFT is an extension of that vision, with the goal of empowering a new generation and elevating storytelling as a tool to create impact and empower people to connect to the social issues that can have a profound impact on our world." [24] In March 2019, Participant and the Skoll Center for Social Impact Entertainment released a report, "The State of Social Impact Entertainment", that said: "social impact entertainment — narrative and documentary film, television, theater, and emerging forms that engage audiences in solving real-world challenges — is not a fad but the future of the entertainment industry." [25]

In 2019, on behalf of Participant, Skoll and Participant CEO David Linde accepted the newly created TIFF Impact Award from the Toronto International Film Festival; [26] in 2020 the award was renamed the Jeff Skoll Award in Impact Media, and has continued to be awarded to filmmakers whose work has had a social impact as part of the TIFF Tribute Awards. [27]

Skoll announced in April 2024 that Participant was shuttering. [28]

Philanthropy

Skoll is a recipient of the Carnegie Medal of Philanthropy, and a Giving Pledge signatory. [29] [30] He has given the eponymous Skoll Foundation approximately $1 billion of eBay stock since its formation in 1999. The Foundation supports "social entrepreneurship". [31]

As of 2020, Skoll has been working for over ten years to help prevent pandemics and other global threats. [32] In 2009, Skoll donated $100 million to create the Skoll Global Threats Fund to confront threats including climate change, water security, pandemics, nuclear proliferation, and Middle East conflict. [33] The Fund created and spun off a stand-alone non-profit entity, Ending Pandemics, that focuses on pandemic detection and response. [34] In 2011, Skoll's film company Participant co-produced the film Contagion to raise awareness about the dangers posed by pandemics. Skoll wanted the film be scientifically sound and encourage funding of medical experts; In 2020, following the COVID-19 pandemic media coverage noted it was "shocking in its accuracy". [35]

In January 2020, Skoll donated $20 million, and an additional $100 million in April, to the Skoll Foundation to combat the COVID-19 pandemic. [34] [36] The funds were used to assist with testing, contact tracing, and provide respiratory devices and other medical equipment to countries that couldn't afford it. [33]

Skoll is active in "collaborative philanthropy" and has joined with other philanthropists and foundations to pool resources that then flow to non-profits focused on addressing specific issues at scale. [37] In 2017, Skoll, joined with others to create Co-Impact, a philanthropic funding collaborative seeded with $500 million, [38] whose "specific aim is to fund organizations that are addressing health, education and economic opportunity in low-to-middle income countries". [37]

Similarly in 2018, Skoll, Chris Anderson, Virgin Unite, among others launched The Audacious Project, a philanthropic funding collaborative with an initial investment of $250 million for "audacious ideas" that deliver "impact at scale". Some of the first recipients of funding from The Audacious Project included the Environmental Defense Fund, Sight Savers, and The Bail Project. [39]

Skoll has funded the creation of academic centers at two universities. In 2003, Skoll funded the creation of the Skoll Center for Social Entrepreneurship at Oxford University's Said Business School. The center is a research center, hub for innovators, and host of the annual Skoll World Forum on Social Entrepreneurship. [40] Called the "Davos for the nonprofit set" by Forbes, [41] Skoll World Forum participants have included leading thinkers from South African Archbishop Desmond Tutu to former U.S. Vice President Al Gore. [30] In 2019, Skoll also funded the creation of the Skoll Center for Social Impact Entertainment at the UCLA School of Theater, Film and Television. The center is dedicated to promoting social change through entertainment and the arts. [42]

In 2005, Skoll financed The Gandhi Project in partnership with Relief International which created a dubbed version in Arabic of the film Gandhi . [43] They used Palestinian voice actors and artists to make the film particularly relevant to Palestinians. With Skoll's support, it was screened throughout Palestine to promote non-violence, self-reliance, economic development, and empowerment.

In 2000, Skoll gave C$7.5 million to the University of Toronto to endow three chairs and establish the Jeffrey Skoll BASc/MBA Program, a joint program of the Faculty of Applied Science and Engineering and the Rotman School of Management. [44]

Impact investing

Skoll was one of the earliest proponents of socially responsible investing, called "impact investing", through which he invests in for-profit companies whose mission is to deliver both social impact and financial returns. [45] In 2001, Skoll created Capricorn Investment Group "on the premise of socially responsible investing" and the firm now oversees more than $5 billion in client assets and another $3.5 billion in partnership with other organizations. [46] According to Forbes, a "significant portion" of Capricorn's assets "has been put to work backing mostly private companies that are in some way aiming to help the environment and combat climate change". [45] Capricorn's early investments included electric carmaker Tesla, Inc., battery technology developer QuantumScape, and air taxi developer Joby Aviation. [45] Other investments include private equity fund Encourage Solar Finance to promote rooftop solar installations in India. [47]

In 2016, Skoll, along with Bono and investment firm TPG, co-founded The Rise Fund, a $2 billion social-impact fund with "a series of strict metrics by which to measure social impact". [48] Rise's investments fall across seven sectors, including agriculture, education, and healthcare, and since 2017, "Rise has invested in more than 25 growth-stage companies that are making a measurable positive social and/or environmental impact". [49]

Other activities

In November 2022, Skoll bought a minority stake in Monumental Sports & Entertainment. [50]

Personal life

In 2014, Skoll married television executive Stephanie Swedlove. [51] In January 2019, it was announced Skoll had filed for divorce from Swedlove. [52]

Honors and awards

Filmography

Film

YearTitleNotes
2004 House of D executive producer
2005 Good Night, and Good Luck executive producer
North Country executive producer
Syriana executive producer
American Gun executive producer
2006 The World According to Sesame Street executive producer
An Inconvenient Truth executive producer
Fast Food Nation executive producer
2007 Chicago 10 executive producer
Angels in the Dust executive producer
Man from Plains executive producer
Darfur Now executive producer
The Kite Runner executive producer
Charlie Wilson's War executive producer
The Visitor executive producer
Man from Plains executive producer
2008 Standard Operating Procedure executive producer
Pressure Cooker executive producer
Food, Inc. executive producer
2009 The Soloist executive producer
The Informant! executive producer
2010 The Crazies executive producer
Furry Vengeance executive producer
Waiting for "Superman" executive producer
Fair Game executive producer
Countdown to Zero executive producer
Cane Toads: The Conquest executive producer
Casino Jack and the United States of Money executive producer
2011 The Beaver executive producer
The Help executive producer
Contagion executive producer
Last Call at the Oasisexecutive producer
The Best Exotic Marigold Hotel executive producer
2012 A Place at the Table executive producer
State 194 executive producer
Lincoln executive producer
Promised Land executive producer
No executive producer
2013 Snitch executive producer
Made in America executive producer
The Fifth Estate executive producer
The Square executive producer
The Unknown Known executive producer
2014 Ceaser Chavez executive producer
The Great Invisibleexecutive producer
Misconception executive producer
The Prophet executive producer
The Ardor executive producer
The Hundred-Foot Journey executive producer
Out of the Dark executive producer
Merchants of Doubt executive producer
Citizenfour executive producer
A Most Violent Year executive producer
2015 3 1/2 Minutes, 10 Bullets executive producer
The Second Best Exotic Marigold Hotel executive producer
He Named Me Malala executive producer
Bridge of Spies executive producer
Beasts of No Nation executive producer
Our Brand Is Crisis executive producer
Spotlight executive producer
2016 Zero Days executive producer
The Music of Strangersexecutive producer
Death by a Thousand Cutsexecutive producer
Neruda producer
The Light Between Oceans executive producer
Denial executive producer
Deepwater Horizon executive producer
Middle School: The Worst Years of My Life executive producer
A Monster Calls executive producer
Midsommer in Newtownexecutive producer
2017 An Inconvenient Sequel: Truth to Power producer
Melting Iceexecutive producer
A Fantastic Woman executive producer
Shot Caller executive producer
Human Flow executive producer
Far from the Tree executive producer
Wonder executive producer
2018 The Price of Free executive producer
7 Days in Entebbe executive producer
Fosterexecutive producer
This is Climate Changeexecutive producer
Roma executive producer
Aquarelaexecutive producer
Green Book executive producer
On the Basis of Sex executive producer
2019 The Boy Who Harnessed the Wind executive producer
American Factory executive producer
Captive State executive producer
Watsonexecutive producer
Slay the Dragon executive producer
Just Mercy executive producer
Sing Me a Songexecutive producer
Dark Waters executive producer
2020 John Lewis: Good Trouble executive producer
Final Account executive producer
American Utopia executive producer
Totally Under Control executive producer
2021 My Name is Pauli Murray executive producer
Judas and the Black Messiah executive producer
Unseen Skies executive producer
White Coat Rebelsexecutive producer
Stillwater executive producer
Costa Brava, Lebanon executive producer
The Good House executive producer
The First Wave executive producer
2022 Descendant executive producer
'¡Viva Maestro!executive producer
Lowndes County and the Road to Black Powerexecutive producer
A Compassionate Spy executive producer
All the Beauty and the Bloodshed executive producer
2023 White Bird executive producer
We Grown Now executive producer
TBA Rob Peace executive producer

TV series

YearTitleNotes
2013Jersey Strongexecutive producer
2013Teachexecutive producer
2014 HitRecord on TV executive producer
2014Human Resourcesexecutive producer
2014–2016 Please Like Me executive producer
2015–2016Angry Planetexecutive producer
2015Secret Lives of Americansexecutive producer
2016Truth to Powerexecutive producer
2018 America to Me executive producer
2019 When They See Us executive producer
2020 Noughts + Crosses executive producer
2020 City So Real executive producer
2022 Keep Sweet: Pray and Obey executive producer

See also

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  15. ↑ Rainey, James (March 31, 2015). "Jeff Skoll Aims to Fix Participant's 'Broken' Parts". Variety. Retrieved November 19, 2020.
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Business positions
Preceded by
New title
 Chief Executive Officer of eBay
1996–1998		Succeeded by
President of eBay
1996–1998
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