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.”
