Jason Calacanis really doesn’t get it. I don’t know why I got such a visceral reaction to his post, but I don’t think I was the only one. He basically said that it was “unconscionable” for Wikipedia not to monetize the Wikipedia project.
He called on Jimmy Wales (the founder of Wikipedia) to put up a leaderboard ad on the site. He claimed it would produce $100M that could help fund other projects. He then suggested that the site have a 25×25 px “Hosting donated by AOL” banner.
Wow. I’m simply stunned at how somebody can be so blinded by his own hubris. Last month I enjoyed hearing Kevin Rose’s speech in which he talked about his stance against paying top Digg contributors. I agree 100% that once you introduce money into the equation, it can undermine the entire community.
People smarter than myself have torn the Calcanis post apart, and rightly so. There are just so many problems with his assumptions. He also doesn’t seem to understand that not everything is about money – that people might value community and a shared purpose. And maybe this lack of understanding is what makes for such an interesting chart (comparing the traffic between Netscape and Digg):

And moreover, this:

It looks like the Calacanis camp (AOL and Netscape) needs more advice than the people behind Wikipedia and Digg.