The former vice president of corporate development at eBay Inc. (Nasdaq: EBAY), Lorraine McDonough joined Omidyar Network, the Redwood City, California-based investment firm established by eBay founder Pierre Omidyar, as a partner, in charge of the firm’s investment management, legal and finance operations.

The firm invests in entrepreneurs who share its “commitment to advancing social good and the pace and scale the world needs today.” It focuses on “five key areas we believe are building blocks for prosperous, stable and open societies: consumer Internet and mobile; education; financial inclusion; governance and citizen engagement; and property rights.”

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