Wikipedia as we know it today, with more than 3.7 million articles for english version alone, had a different idea and business model altogether in the beginning that many people may not know it now.

As the story goes.. In 1999, Jimmy Wales had an idea, he wanted to create a free encyclopedia to be written by experts and PhD holders, it was called Nupedia. He reasoned, only scholars, academics and experts in a particular field would be able to write such articles. It made sense, as scholarly articles needed a lot of referential data and research, not everyone would be able to write such articles. However, in its first year, his team of “experts” were able to write only a dozen articles. They were simply too slow. This was due to many reasons, most of the academics were too busy, it was difficult to convince them to write for Nupedia, research normally took few years..etc.

So, Jimmy Wales saw that it was not working, something had to be done. He came out with a new idea. He suggested to his team, why not make it in a way that anybody can create an article, others can edit it, etc… basically early years of crowdsourcing. But the editors of Nupedia and Advisory Board were not very supportive of the idea. For them it was the opposite of what they were doing at the moment. Non-academics, and uncontrolled editing and creation of articles, they thought, would jeopardize the credibility of the articles and company as a whole. They reasoned, there would be too much error in the articles, which would render the articles useless for any scholarly reference or research.

This new idea ended up separated into different project and was called “Wikipedia” (wiki – hawaiian for quick). Within a year, there were more than 20,000 articles in it. Clearly it was a success and it was working. As for the margin of error, it was 3.86% per article, compared to 2.92% for Encyclopedia Britannica according to 2005 research by journal Nature, which is acceptable. And usually these errors get corrected over time.

Eventually, Nupedia was shutdown in 2003, and it had only 23 articles at the time of closing. And as they say, the rest is a history…

Lesson to Startups and Entrepreneurs..

Sometimes the initial idea for your startup may not work out, and you might end up doing something totally different for your startup and its direction. And this phenomenon is actually very common in startups. As Jawed Karim of YouTube said in SVC2M event in Kuala Lumpur, their initial idea for youtube was “a dating site with videos“.

So, if your first version of your product (MVP) didn’t take off, don’t despair. Find out why it didn’t take off, get feedback from your potential customers/users on what they want, after that iterate and try again!

Note: If you want to read more about wikipedia story, check this Business Week article here

Please feel free to comment about your own experiences or of any companies that you know which changed their business model, direction, idea drastically from the original one.

“Silicon Valley Comes to Malaysia” conference was a huge success, big thanks to the organizers Dash and Rebeca for bringing in Silicon Valley icons to Kuala Lumpur, namely; Jawed Khan of YouTube, Konstantin Guericke of LinkedIn, Jeff Hofman of Priceline.com, Jonas Kjelberg of Skype, to name a few (full list).

Failure is given, and it should be celebrated

Throughout the event, speakers and panellists have time and again reminded entrepreneurs that they have to take risks and prepared to fail, because they were told, for the first (few) startup(s) they were definitely going to fail.

As we know, failure is celebrated in Silicon Valley, but not so much in other parts of the world, especially in Asia. In most Asian countries failure is stigmatized, it’s especially true in Japan.

“From olden times, if you were defeated in battle you committed seppuku [ritual suicide by slicing the belly, also known as hara-kiri],” Mr Honda says. “That’s in our genes, so people don’t try if they think they might fail.”
Stigma of failure holds back Japan start-ups – FT.com

For this reason, it’s not an easy feat for us Asians to take risks and celebrate our failures…

Failures == (Hopefully) Learn How to Launch Successful Startup?

For me the whole message of failures and embracing failures sounded a bit like, to put it very bluntly – “i don’t care what you do, just go and try and learn it by yourself. I don’t have time for this. Surely after few startups you will know how to launch successful startup/product“. Continue reading →

TC Disrupt Beijing 2011 is around the corner, and Silicon Valley is Coming to Malaysia soon. Have you applied your product/startup for these conferences? I did… I have applied my Bloapp.com – free service that allows bloggers to convert their blogs into iPhone and Android apps in just 5 minutes. (yes android version is now live).

But the main question is – Does it worth to launch at these events?

Joel Spolsky has a long post on this subject, for TL,DR people (too long, didn’t read), he basically argues that if you have a decent product, then it’s worth to launch at these events. Otherwise it’s a waste of time for everybody.

As Openera posted on their blog, they didn’t have the expected results from TC Disrupt SF 2011 with their startup launch. It’s interesting to read. Make sure to read the comments section too.

How about you? Have you launched any of your products/startups at similar events? What was your experiences? Please share.