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 Wales has often joked that donating Wikipedia to the foundation was both the "dumbest and the smartest" thing he had done. On one hand, he estimated that Wikipedia was worth US$3 billion; on the other, he weighed his belief that the donation made its success possible. Wales gives an annual "State of the Wiki" address at the Wikimania conference. Wales's association with the foundation has led to controversy. In March 2008, Wales was accused by former Wikimedia Foundation employee Danny Wool of misusing the foundation's funds for recreational purposes. Wool also stated that Wales had his Wikimedia credit card taken