[Foundation-l] Jimmy Wales in the news

[Brian]

Why does the word "subterfuge" come to mind every time I read one of your
posts?

Wales originally used Bomis to help fund the
Nupedia<http://en.wikipedia.org/wiki/Nupedia>project from which
Wikipedia developed. Wikipedia was placed under the
non-profit Wikimedia Foundation in 2003, but Bomis continued to pay for
basic expenses. As traffic increased and more servers became necessary,
Wikimedia fundraisers helped purchase the needed equipment while Bomis
remained responsible for the cost of hosting and bandwidth.

http://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2005-02-14/Budget_and_contract

As a side note, it is sort of funny to me when I read people
discussing "Bomis" in the abstract.  Ultimately, that just means me,
since I'm the final decisionmaking authority.  Bomis is not a big
abstract company, it's just the people that you know.  A down home mom
and pop dot-com.  :-)

http://lists.wikimedia.org/pipermail/wikipedia-l/2001-October/000657.html

On Thu, Mar 6, 2008 at 10:58 AM, <daniwo59 at aol.com> wrote:

>
> In a message dated 3/6/2008 1:46:02 AM Eastern Standard Time,
> Brian.Mingus at colorado.edu writes:
>
> Jimmy  funded Wikipedia out of his own pocket for a long
> time, and the amount of  cash we are talking about here is insignificant.
> Statistically. There was  clearly a period of time where the line between
> what was his money and  foundation money was fuzzy. Perhaps it could have
> been less fuzzy, but I'm  pretty sure he incurred a net loss.
>
>
>
> To be perfectly accurate:
>
> 1. There is absolutely no such thing as a fuzzy line between an
>  individual's
> money and the money of a not-for-profit.
> 2. Jimmy made one donation, and one donation only, to the Foundation and
> that was in or around June 2003, when the Foundation was formed.It was
> approximately $2,500, deposited to open the first bank account. The exact
> amount  is
> easy to find, since it is the first recorded donation in the books.
>
> Since Sue is a professional, I am sure that she knows all of this. This is
> simply to clarify your points regarding some mistaken assumptions.
>
> Danny
>
>
>
>
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