Jimmy Wales Discusses Wikimedia Monetization Plans
Jimmy Wales sat down this week with a group of Bloggers and analysts prior to his keynote address opening the 2008 SAP TechEd conference in Las Vegas and discussed a number of topics relating to Wikimedia.
The Wikimedia Foundation is a nonprofit charitable organization set up to encourage the growth, development and distribution of free, multilingual content, and to providing the full content of wiki-based projects to the public free of charge.
The Wikimedia Foundation also operates Wikimedia Commons, the repository of free images and other media and MediaWiki, the popular open source wiki software behind a huge number of corporate wikis.
I asked Mr. Wales what the Wikimedia Foundation’s plans were to increase revenue, especially now that the foundation has increased its staff.
Mr Wales said that the Wikimedia Foundation has to date relied on individual donations and volunteer efforts to achieve its mission and one of the longstanding goals of the foundation has been to increase revenue so that it can expand its mission and keep Wikipedia and the various Wikimedia projects running.
Mr. Wales mentioned that the foundation has recently hired dedicated fundraising staff and is looking at several strategies to increase revenue including:
- Working with additional philanthropic Institutions like the Alfred P. Sloan Foundation to increase grants and donations to the Wikimedia Foundation
- Spending time contacting wealthy donors who the Wikimedia Foundation in the past could not engage due to the small size of the foundations staff
- Utilizing the Wikipedia brand in co-licensing deals with Mobile Carriers for example, who want to offer a quick and easy way for thier customers to access Wikipedia
- Creating Wikipedia Branded Books
- Launching Wikipedia Branded Games
Mr. Wales said that all of the ideas for raising addition revenue have to adhere to the Wikimedia Foundations values and that the Wikimedia Foundation will never considered offering advertising on its varied projects. But with a dedicated fundraising staff in place he and the Wikimedia team look forward to working through the various ideas and strategies.















