History of Wikipedia Sanger was his subordinate employee. Sanger initially brought the wiki concept to Wales and suggested it be applied to Nupedia and then, after some initial skepticism, Wales agreed to try it. 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 and it was Wales who invested in it. Wales stated in October 2001 that "Larry had the idea to use Wiki software." Sanger coined the portmanteau "Wikipedia" as the project name. In review, Larry Sanger conceived of a wiki-based encyclopedia as a
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