Wikimedia Foundation (Wikipedia)
Estimated Value: $4 billion
Last Year’s Rank / Valuation: #2 / $5 billion
Business: The Wikimedia Foundation is a 501c3 non-profit. Its asset is a global user-generated encyclopedia that relies heavily on donations and on profit fundraising activities.
Location: San Francisco, California
More Info:Wikimedia Foundation
http://wikimediafoundation.org/wiki/Home
Description
The Wikimedia Foundation is a 501(c)(3) non-profit that operates several online wiki-collaborative projects. Its asset is a global user-generated encyclopedia (Wikipedia) that relies heavily on donations and on profit fundraising activities.
Read more: http://www.businessinsider.com/blackboard/wikimedia-foundation#ixzz1iK2LCjZ7
Sources of Information:Wikimedia_Foundation
2.Business Insider
Tiny URL Short Link :http://read.bi/aOR6nP
Executive Director: Sue Gardner
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Investors: Vinod Khosla, Open Society Institute, Alfred P. Sloan Foundation, Omidyar Network as well as countless individual donors
Analysis: Being a non-profit, the company doesn’t operate with the goal of generating revenue. In 2010, the Wikimedia Foundation was expected to generate revenue of $20.4 million, a 28% year-over-year increase. Wikipedia, as a property, is one of the top 10 sites online globally. If it were converted to a for-profit, therefore, and run with the intention of making money, it would make a lot.
The company’s costs are minimal since its content is contributed to by the public for free. As a result, its profit margins would be well above 50%. Last year we gave Wikipedia a valuation of $5 billion, but due to a slew of new, content-creating competitors that are stealing market share, we’ve lowered it to $4 billion.
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The Letter of Thanks: from Sue Gardner Executive Director
Thank you from Executive Director, Sue Gardner
Thank you.
We’ve taken down our fundraising banners, because we’ve hit our target. Thanks to you. Over the past few months, more than one million people have come together from all over the world to keep Wikipedia and its sister sites alive and flourishing for another year.
Your support is how we pay our bills. People like you, giving five dollars, twenty dollars, a hundred dollars. Thank you for helping us.
We’re the #5 most-popular site in the world — we operate on a tiny fraction of the resources of any other top site. We will use your money carefully and well, I promise you.
For everyone who helps pay for Wikipedia and all the Wikimedia projects, and for those who can’t afford to help — thank you so much for making the world a better place.
Sue Gardner
Executive Director
Wikimedia Foundation
Where your donation goes
Technology: Servers, bandwidth, maintenance, development. Wikipedia is the #5 website in the world, and it runs on a fraction of what other top websites spend.
People: The other top 10 websites have thousands of employees. We have fewer than 100, making your donation a great investment in a highly-efficient not-for-profit organization.
By donating, you are sharing your information with the Wikimedia Foundation, the nonprofit organization that hosts Wikipedia and other Wikimedia projects, and its service providers in the U.S. and elsewhere pursuant to our donor privacy policy. We do not sell or trade your information to anyone.
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