Denis Diderot, 18th-century editor of the French Encyclopédie, spent 26 years working to “assemble all the knowledge scattered over the face of the Earth,” The Economist reports.
Wikipedia — celebrating its 20th birthday on January 15th — would’ve made that dude’s life much easier.
… no VCs or programmatic ads necessary. After starting as Nupedia — an online encyclopedia that published fewer than 24 articles in its first year — Jimmy Wales and Larry Sanger launched open-sourced Wikipedia to speed up the process.
One 2018 Harvard study found US consumers place a median value of $150 per year on free-to-use Wikipedia, which “translates into roughly $42 billion in consumer surplus that isn’t reflected in the U.S. GDP.”
For years, Wikipedia was treated as an intellectual joke, and the site itself still warns that “Wikipedia is not a reliable source.” But studies show it is reliable — and it’s become a ubiquitous tool across the web:
One reason they feel comfortable using it: Wikipedia’s page about the “Neutral Point of View” is ~4.5k words long.
Because Wikipedia is free of ads, it operates through donations (and Jimmy won’t stop reminding you about it).
This nonprofit structure has proven successful. Wikipedia’s parent organization reported raising $122m in 2019, up 18% YoY.
Plus, it’s quite literally living up to its goal of making a “widely accessible encyclopedia.” In April 2019, an Israeli lunar lander crashed on the moon while carrying nickel plates engraved with nearly all of English Wikipedia.
Experts say the plates likely survived, upsetting teachers everywhere.