Wikipedia's New Competition
December 20th, 2005Wikipedia is providing "semi-protection" to articles that get vandalized often. New users won't be able to edit these pages.
Meanwhile, Wikipedia co-founder Larry and serial entrepreneur Joe Firmage (who has Utah roots) have raised $10 million to create an expert-driven open source encyclopedia called Digital Universe.
It will be interesting to see if anything can stop the momentum of Wikipedia. I wouldn't bet that Digital Universe will ever come close to catching up. That said, a commercially funded #2 player in the online encyclopedia space could very well be a financial success. And I think that it will be.
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Posted in: Business Models Venture Capital
December 31st, 2005 at 03:01 AM
I don't believe that Digital Universe will compare. James Surowiecki in Wisdom of Crowds believes that the masses are more accurate than a few experts. It will be interesting to see the two compared.
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