Wikipedia reviewed under a formal process. It was founded on March 9, 2000, under the ownership of Bomis, a web portal company. Its main figures were Bomis CEO Jimmy Wales and Larry Sanger, editor-in-chief for Nupedia and later Wikipedia. Nupedia was initially licensed under its own Nupedia Open Content License, but even before Wikipedia was founded, Nupedia switched to the GNU Free Documentation License at the urging of Richard Stallman. Wales is credited with defining the goal of making a publicly editable encyclopedia, while Sanger is credited with the strategy of using a wiki to reach that goal. On January 10,
Jimmy Wales the Nupedia and Wikipedia projects until Bomis discontinued funding for his position in February 2002; Sanger resigned as editor-in-chief of Nupedia and as "chief organizer" of Wikipedia on March 1 of that year. Early on, Bomis supplied the financial backing for Wikipedia, and entertained the notion of placing advertisements on Wikipedia before costs were reduced with Sanger's departure and plans for a nonprofit foundation were advanced instead. Wales has asserted that he is the sole founder of Wikipedia, and has publicly disputed Sanger's designation as a co-founder. Sanger and Wales were identified as co-founders at least as early as September