Jimmy Wales, who either founded Wikipedia or co-founded Wikipedia or simply jumped on someone else's idea, has pulled in $4-million for Wikia Inc., which used to be known as Wikicities. The money comes from Bessemer Venture Partners (an early Skype investor), Pierre Omidyar's Omidyar Network and some high-profile angel investors: Dan Gillmor, LinkedIn CEO Reid Hoffman, Joichi Ito, Marc Andreessen and Mitch Kapor. If you're not aware of Wikia, it's a very smart offshoot of Wikipedia. Wikia provides anyone looking to set up a Wiki with a Web-based platform - whether they want to create a community events site or an online forum to talk about sports. Wikia makes money from selling relevant ads on theses sites (currently from Google). The magic behind Wikia is scale. The more Wikis created - there are more than 1,000 already - the more the company's platform is leveraged. Wikia could also be a good vehicle for Wales to back away from Wikipedia - a move that could defuse criticism that he's too much of a micro-manager for the open-source, volunteer-based encyclopedia. Another intriguing part of Wikia is Gillmore's involvement. In the past six months, he has joined FON as an advisor (who could be compensated if the Wi-Fi network takes off), backed off on accepting more venture capital for Bayosphere, and now invested in Wikia. It seems Gillmore is creating interesting - and potentially lucrative - post-journalism career, which should be encouraging news for all us hacks out there still toiling away for the man!
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Jimmy Wales Reels in Some Cash
by
Mark Evans
on Tue 28 Mar 2006 07:44 AM EST | Permanent Link
Jimmy Wales, who either founded Wikipedia or co-founded Wikipedia or simply jumped on someone else's idea, has pulled in $4-million for Wikia Inc., which used to be known as Wikicities. The money comes from Bessemer Venture Partners (an early Skype investor), Pierre Omidyar's Omidyar Network and some high-profile angel investors: Dan Gillmor, LinkedIn CEO Reid Hoffman, Joichi Ito, Marc Andreessen and Mitch Kapor. If you're not aware of Wikia, it's a very smart offshoot of Wikipedia. Wikia provides anyone looking to set up a Wiki with a Web-based platform - whether they want to create a community events site or an online forum to talk about sports. Wikia makes money from selling relevant ads on theses sites (currently from Google). The magic behind Wikia is scale. The more Wikis created - there are more than 1,000 already - the more the company's platform is leveraged. Wikia could also be a good vehicle for Wales to back away from Wikipedia - a move that could defuse criticism that he's too much of a micro-manager for the open-source, volunteer-based encyclopedia. Another intriguing part of Wikia is Gillmore's involvement. In the past six months, he has joined FON as an advisor (who could be compensated if the Wi-Fi network takes off), backed off on accepting more venture capital for Bayosphere, and now invested in Wikia. It seems Gillmore is creating interesting - and potentially lucrative - post-journalism career, which should be encouraging news for all us hacks out there still toiling away for the man!
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