Money is a commodity. What venture capitalists really bank is their reputation. And Jeremy Levine of Bessemer Venture Partners has just signaled that he's willing to cash in his reputation to protect a piddling $4 million investment. Levine is not amused by our report of how Levine got Wikipedia cofounder Jimmy Wales…
Why did Jimmy Wales, the cofounder of Wikipedia, an online compendium which includes the world's most detailed article on flim-flams, step down as CEO of Wikia, the for-profit website host which recently laid off some of its employees? The way Wales likes to tell the story, years later, he realized he was a…
Bid goodnight to Jimmy Wales's dream of cashing out on Wikipedia, the world's largest collection of infrequently asked questions. The vehicle for his scheme, a derivative for-profit startup called Wikia, is imploding. A tipster tells us that the 43-person company has laid off 30 percent of its staff. (Update: The…
Another failed relationship, another awkward online parting of ways for Jimmy Wales, the cofounder of Wikipedia. Just a few months ago, he was squiring new-agey PR impresario Andrea Weckerle, a self-described "global nomad," around the world. Now, insiders say, Weckerle has dumped Wales — you can tell, because she no…
Virgin Mobile and EMI veteran Tom Ryan, most recently kept on the entepreneurial dole by Bessemer Venture Partners, will join Chicago-based SkinnyCorp, the parent of online T-shirt company Threadless, as its CEO, founder Jake Nickell writes on the company blog. In response, users commented: "^5!" which, according to…
