Like Craig Newmark of Craigslist, Wales has left more money on the table than most Web entrepreneurs will see in a lifetime. He resisted putting ads on Wikipedia, figuring that volunteers would be more likely to collaborate on building an ad-free site than one loaded with flashing banner ads.
"You don't build a community by just pouring money into it. It takes time. You have to grow it in a healthy way," he says. Wales recently raised $4 million from investors to fund the for-profit Wikia but estimates that he could have raised at least three times more. The smaller amount will allow him to grow the business organically, rather than trying to build a moneymaker overnight.
 It's getting crowded on the Web 2.0 frontier, but there are still some startups that truly stand out. (more)  Web advertisers are moving beyond search, using powerful science to figure out what you want - even before you do. (more) |
