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 of a Chicago futures and options firm. In 1996, he and two partners founded Bomis, an adult web portal featuring entertainment and adult content. The company would provide the initial funding for the peer-reviewed free encyclopedia, Nupedia (2000–03), and its successor, Wikipedia. On January 15, 2001, with Larry Sanger and others, Wales launched Wikipedia—a free, open content encyclopedia that enjoyed rapid growth and popularity; as Wikipedia's public profile grew, he became the project's promoter and spokesman. He is historically cited as a co-founder of Wikipedia, though he has disputed the "co-" designation, declaring himself the sole founder. Wales serves on