Jimmy Wales its creation. Originally, Bomis planned to make Wikipedia a profitable business. Sanger initially saw Wikipedia primarily as a tool to aid Nupedia development. Wales feared that, at worst, it might produce "complete rubbish". To the surprise of Sanger and Wales, within a few days of launching, the number of articles on Wikipedia had outgrown that of Nupedia, and a small collective of editors had formed. It was Jimmy Wales, along with other people, who came up with the broader idea of an open-source, collaborative encyclopedia that would accept contributions from ordinary people. Initially, neither Sanger nor Wales knew what to
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