Jimmy Wales is currently not a fan of the MPAA. The MPAA and RIAA are the two organizations that especially pushed for SOPA and PIPA, which was proposed legislation for censoring the Internet. At the DLD conference in Munich, Jimmy Wales is going as far as saying that MPAA chairman Chris Dodd should be fired as reported by VentureBeat.
Stop Online Piracy Act is a bill that was introduced in the U.S. House of Representatives in October 2011 by Lamar Smith (R-TX). This Act would allow the Department of Justice and copyright holders to seek court orders against websites accused of copyright infringement that would prevent online ad networks and payment facilitators from doing business with those websites. Opponents in this bill believe that this is Internet censorship. Google co-founder Sergey Brin, Twitter co-founder Jack Dorsey, PayPal co-founder Elon Musk, and Yahoo! co-founder Jerry Yang oppose the bill. Their letter will appear as a paid ad in The New York Times, The Washington Post, and other newspapers.
Google Inc. (NASDAQ:GOOG) co-founder Sergey Brin has made a $500,000 grant to Wikipedia. Wikipedia is attempting to raise $28.3 million for its annual budget. The donation was made as part of a foundation created by Sergey and his wife Anne Wojcicki.
People sometimes react positively when the face of the founder of a company is prominently displayed on their website. In this case, it worked well for Wikipedia. In an effort to raise $16 million for keeping Wikipedia ad free, the company wanted to double the amount they asked for last year.
Wikipedia founder Jimmy Wales was on Bloomberg TV earlier this week to clarify that there has not been a mass exodus of voluntary editors. Wikipedia is still very much driven by the community.
Wales also revealed some interesting numbers about Wikipedia. To maintain Wikipedia, it costs around $10 million per year. The website survives primarily off of donations. So far Wikipedia has over $3 million in donations for the year.
Personally I’m impressed by how little it costs to maintain Wikipedia. On a per day basis, it costs about $27,397.26 to keep Wikipedia running.
What about some of the other top websites? As a comparison, YouTube costs about $2 million per day in just storage and bandwidth. Facebook most likely costs close to $300,000 per day considering that they are hosting 10 billion photos. In 2007 and early 2008, Facebook spent around $67 million on rackable servers. Facebook most likely spends $500 million per year between servers, employee salaries, infrastructure, office space, and other miscellaneous costs.
Omidyar Network, the investment arm of Pierre Omidyar’s wealth has made a $2 million grant. Pierre is the founder of eBay and his personal wealth is roughly $3.6 billion. The Omidyar Network was started in 2004 and there was about $270 million in assets given to the investment firm.
Some of the Internet companies that the Omidyar Network invested in include Digg, Federated Media Publishing, KaBOOM, Seesmic, Linden Lab, and Wikia. Wikia is another company that was founded by the Wikipedia founder Jimmy Wales.
Wikipedia receives about 300 million monthly unique visitors and is the 5th most visited website in the world. However Wikipedia runs on donations and does not have any advertising. At the end of last year, about 125,000 donors invested $6.2 million in helping keep Wikipedia alive.
Of that $6.2 million, $3 million was given by the Sloan Foundation and an anonymous friend gave $286,800. As part of the investment, Matt Halprin of Omidyar will be joining the Wikimedia Foundation board of directors. Before working at Omidyar, Halprin was the VP of global trust and safety at eBay.
Wikia was a search projected founded by Jimmy Wales and Angela Beesley. The company was founded in 2004 and has about 42 employees based in San Mateo, California. Since the company started, they have raised about $14 million in funding from Bessemer Venture Partners, First Round Capital, and Amazon.com.
Jimmy Wales pointed out that Wikia.com itself has seen tremendous growth. It was the fifth growing member community destination in February 2009. The top 4 were Twitter, Zimbio, Facebook, and Multiply. Wikia.com’s Wikianswers Q&A website was seeing the most growth and so the company has decided to pay more attention to that service. Basically Wikia Search wasn’t seeing the success that they were hoping for. Going forward the Wikia Search project will be shut down on March 31, 2009 and it will forward to Wikianswers.
Recently Jimmy Wales put up a plea for an increase in donations for Wikipedia. The open source online encyclopedia has reached its goal of raising $6 million in donations. The $6 million that Wikipedia has raised will keep operating expenses covered up until June 30, 2009.
Jimmy Wales stated that 125,000 have donated $4 million in personal donations and $2 million in gifts. The $6 million will go towards bandwidth, 23 staff members, and other misc. costs.
“Any donations beyond our $6 million goal are put in a reserve fund, which will help us to offset operating costs beyond the current fiscal year,” stated Wales. “Your continued support will also serve as a much-needed financial safety net if economic conditions continue to worsen globally.”
Wikipedia founder Jimmy Wales was on Bloomberg TV earlier this week to clarify that there has not been a mass exodus of voluntary editors. Wikipedia is still very much driven by the community.
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