Virtual Entrepreneur

Iht.com:
Every day millions of people find answers on Wikipedia, to questions both trivial and serious. Jack Herrick found his business model there…

Herrick has doubts. ‘I think there’s going to be a lot of wikis,’ he said. ‘But I’m not sure how many of them will make money.’

Others are more optimistic. Last month, John Gotts, an entrepreneur known for buying the rights to domain names, agreed to buy the site Wiki.com for $2.86 million. ‘I would never have paid this much for any other domain,’ he said. ‘I can’t think of one that would be worth more.’ See if you can get a clue here.

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