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What a stupid and pointless blog post. His argument is completely unfounded. For example; in the comments, someone asks where Jimbo Wales would be considered an entrepreneur and the author of the blog says that Jimbo Wales is not an entrepreneur, because WikiPedia is not a for profit business.

This a rather arbitrary definition of an entrepreneur. I checked both Dictionary.com and Merriam-Webster.com, and both of their definitions for entrepreneur do include room for entrepreneur who found non-profits. See for yourself: http://www.merriam-webster.com/dictionary/entrepreneur http://dictionary.reference.com/browse/entrepreneur

Clearly the authors argument and conclusion is unfounded crap. Creating a long lasting and profitable commercial business is certainly a valid motivation for entrepreneurship, but so is changing the world, or even something as modest as looking to establish a second income stream, or looking for a different time/income tradeoff (4HWW, etc).



Jimbo has tried many times to start businesses to make money, and he has failed in all of them.

It is one thing to start a nonprofit foundation and have people donated their time to building it.

It is a completely different thing to own a P&L, have to pay suppliers, pay employees, get customers, pay taxes, and still make money.

Jimbo is many things, but he is NOT a successful entrepreneur. Wikia anyone?


Look up the definition of an enterprise in your dictionary. A non-profit like Wikipedia is an enterprise. Therefore, Jimbo is a successful entrepreneur.




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