Jimmy Wales edited his own biographical entry on the English Wikipedia. Writer Rogers Cadenhead drew attention to logs showing that in his edits to the page, Wales had removed references to Sanger as the co-founder of Wikipedia. Sanger commented that "having seen edits like this, it does seem that Jimmy is attempting to rewrite history. But this is a futile process because in our brave new world of transparent activity and maximum communication, the truth will out." Wales was also observed to have modified references to Bomis in a way that was characterized as downplaying the sexual nature of some of his
Jimmy Wales projects. Inspired by the remarkably successful initial public offering of Netscape in 1995, and having accumulated capital through "speculating on interest-rate and foreign-currency fluctuations", Wales decided to leave the realm of financial trading and became an Internet entrepreneur. In 1996, he and two partners founded Bomis, a web portal featuring user-generated webrings and, for a time, erotic photographs. Wales described it as a "guy-oriented search engine" with a market similar to that of "Maxim" magazine; the Bomis venture did not ultimately turn out to be successful. Though Bomis had at the time struggled to make money, it provided Wales with