History of Wikipedia on developing it." On Wednesday 17 January 2001, two days after the founding of Wikipedia, the Free Software Foundation's (FSF) GNUPedia project went online, competing with Nupedia, but today the FSF encourages people "to visit and contribute to [Wikipedia]". Wikipedia was initially conceived as a feeder project for the Wales-founded Nupedia, an earlier project to produce a free online encyclopedia, volunteered by Bomis, a web-advertising firm owned by Jimmy Wales, Tim Shell and Michael E. Davis. Nupedia was founded upon the use of highly qualified volunteer contributors and an elaborate multi-step peer review process. Despite its mailing list of interested
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