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Jimmy Donal Wales (born August 7, 1966), also known on Wikipedia by the pseudonym Jimbo, is an American-British Internet entrepreneur, webmaster, and former financial trader. He is a co-founder of the online non-profit encyclopedia Wikipedia and the for-profit wiki hosting service Fandom (formerly Wikia). He has worked on other online projects, including Bomis, Nupedia, WikiTribune, and WT Social.
Wales was born in Huntsville, Alabama, where he attended Randolph School, a university-preparatory school. He earned bachelor's and master's degrees in finance from Auburn University and the University of Alabama respectively. In graduate school, Wales taught at two universities; however, he departed before completing a PhD to take a job in finance and later worked as the research director of Chicago Options Associates.
In 1996, Wales and two partners founded Bomis, a web portal primarily known for featuring adult content. Bomis provided the initial funding for the free peer-reviewed encyclopedia Nupedia (2000–2003). On January 15, 2001, with Larry Sanger and others, Wales launched Wikipedia, a free open-content encyclopedia that enjoyed rapid growth and popularity. As its public profile grew, Wales became its promoter and spokesman. Though he is historically credited as a co-founder, he has disputed this, declaring himself the sole founder.
Wales serves on the Wikimedia Foundation Board of Trustees, the charity that he helped establish to operate Wikipedia, holding its board-appointed "community founder" seat. For his role in creating Wikipedia, the world's largest encyclopedia, Time named him one of "The 100 Most Influential People in the World" in 2006.Nupedia and the origins of Wikipedia
Though Bomis had at the time struggled to make money, it provided Wales with the funding to pursue his greater passion, an online encyclopedia. While moderating an online discussion group devoted to the philosophy of Objectivism in the early 1990s, Wales had encountered Larry Sanger, a skeptic of the philosophy. The two had engaged in detailed debate on the subject on Wales' list and then on Sanger's, eventually meeting offline to continue the debate and becoming friends. Years later, after deciding to pursue his encyclopedia project and seeking a credentialed academic to lead it, Wales hired Sanger—who at that time was a doctoral student in philosophy at Ohio State University—to be its editor-in-chief, and in March 2000, Nupedia ("the free encyclopedia"), a peer-reviewed, open-content encyclopedia, was launched. The intent behind Nupedia was to have expert-written entries on a variety of topics and to sell advertising alongside the entries to make a profit. The project was characterized by an extensive peer-review process designed to make its articles of quality comparable to that of professional encyclopedias.
The idea was to have thousands of volunteers writing articles for an online encyclopedia in all languages. Initially, we found ourselves organizing the work in a very top-down, structured, academic, old-fashioned way. It was no fun for the volunteer writers because we had a lot of academic peer review committees who would criticize articles and give feedback. It was like handing in an essay at grad school, and basically intimidating to participate in.
In an October 2009 speech, Wales recollected attempting to write a Nupedia article on Nobel Prize-winning economist Robert C. Merton, but being too intimidated to submit his first draft to the prestigious finance professors who were to peer review it, even though he had published a paper on Option Pricing Theory and was comfortable with the subject matter. Wales characterized this as the moment he realized that the Nupedia model was not going to work.In January 2001, Sanger was introduced to the concept of a wiki by extreme programming enthusiast Ben Kovitz after explaining to Kovitz the slow pace of growth Nupedia endured as a result of its onerous submission process. Kovitz suggested that adopting the wiki model would allow editors to contribute simultaneously and incrementally throughout the project, thus breaking Nupedia's bottleneck. Sanger was excited about the idea, and after he proposed it to Wales, they created the first Nupedia wiki on January 10, 2001. The wiki was initially intended as a collaborative project for the public to write articles that would then be reviewed for publication by Nupedia's expert volunteers. The majority of Nupedia's experts, however, wanted nothing to do with this project, fearing that mixing amateur content with professionally researched and edited material would compromise the integrity of Nupedia's information and damage the credibility of the encyclopedia. Thus, the wiki project, dubbed "Wikipedia" by Sanger, went live at a separate domain five days after its creation.
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