[Search-l] Wikipedia founder mulls revenue options [including search engine]

[Seth Finkelstein]

http://news.yahoo.com/s/nm/20070423/wr_nm/wikipedia_dc_1
CORRECTED: Wikipedia founder mulls revenue options
By Wendell Roelf Mon Apr 23, 1:00 PM ET 

[snip]

The Wikipedia Foundation, which runs the encyclopedia Web site, last
year raised some $1 million from donations and was expected to spend
up to $3 million this year, Wales said.

He said he was looking at ways to capitalize on the strength of the
Wikipedia brand -- which is ranked among the world's top five -- to
raise funds.

Wales reiterated that his company Wikia Inc., which is not linked to
Wikipedia, was working on a search engine to rival Google Inc. and
Yahoo Inc. (Nasdaq:YHOO - news), which it expects to finish towards
the end of the year.

"Hopefully it's successful and would provide funding back to
Wikipedia," Wales said.

Wales said last month that Wikia is aiming to take as much as 5
percent of the lucrative Internet search market.

The former futures trader, who has become an evangelist for the free
sharing of technology, has said users should work together to improve
search engines, working on the same principle as Wikipedia.

-- 
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