January 29, 2008

"Profit-oriented Wikia eying IPO in long term"

They said it, I didn't:

Profit-oriented Wikia eying IPO in long term

Wikia Inc., a profit-oriented company set up by Wikipedia co-founder Jimmy Wales, is aiming for a public listing in the long term, he said Thursday. ...

Wales said Wikia has funding from venture capital and seeking an initial public offering "is sort of the path we are going to take." But he said had no timeframe for such a listing for the San Mateo, California-based Wikia right now.

Now let's compare this interview:

IBD: Why would anyone volunteer to do this?

Wales: The main reason is that it's fun for them.

YOU get to have "fun". HE gets very rich from an IPO.

And people wonder why I'm such a spoilsport :-(.

By Seth Finkelstein | posted in wikipedia | on January 29, 2008 11:59 PM (Infothought permalink)
Seth Finkelstein's Infothought blog (Wikipedia, Google, censorware, and an inside view of net-politics) - Syndicate site (subscribe, RSS)

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Make money? Doubtful, doubtful.

The "alpha version" was panned.

You may be hitting a cultural difference here, Seth. Remember that in the U.S., making money isn't a sin (British prejudice on my part, sincere apologies).

Wales's main problem isn't greed. It is lack of a decent product. If he gets any money from such an IPO, then the old American phrase "there's a sucker born every minute" applies. Much.

Posted by: Nonetomuchthewiser at January 30, 2008 07:02 AM

I don't think the main problem is even lacking the decent product, or even making money from free work of others (which would have been a big problem for me if I was in his position), his problem is that he lacks technical understanding on how to solve the problem (or even approach it correctly), and evidently he does not want to pay for it - you can't expect top search people to work for free to make him rich, not because there are probably no suckers among those people, but because all those people are already employed working for Google, Yahoo or Microsoft.

Posted by: Anonymous at February 2, 2008 07:33 AM