Hackaday Editors Launch Campaign to Buy Site

Hackaday Editors Launch Campaign to Buy Site(hackaday.com)

4 points by wac 12 years ago | 3 comments

jjsz 12 years ago |

This correlates to this comment [0] from the recent "Probably not for hackers" post [1] [2].

> [...] I would pay for a site that was only hard-core tech articles.

Well here's the chance.

[0] https://news.ycombinator.com/item?id=6043443 [1] https://news.ycombinator.com/item?id=6043318 [2] http://essays.kuntz.co/you-re-probably-not-for-hackers/

shameless_1 12 years ago |

I honestly hope they raise the cash. Some of the comments point out that they might not have thought the whole thing through ("basically it appear to me that you would want us to buy hack a day, and offer it to the current redactors, which means they would win a $500.000 company.").

alxndr 12 years ago | |

quoting...

The FAQ:

So who would actually own it? / If the funding is successful, who will really own the company? / Can you comment on who inherits this asset?/ What will happen in 2 or 3 years if you want to leave?

We’ll be setting up an LLC with the current writers and editors as the managers. Then we’ll go for non-profit 501(c)(3) status. If I die or leave in two or three years, Hackaday will still have other editors and writers.

...

If this is funded, what’s stopping you from buying Hackaday, then selling it and keeping the money?

With non-profit status, this would require the agreement of all the writers and editors of Hackaday. That’s simply not going to happen. The same could also be said if Jason sells to someone else. At least with this plan there’s some accountability.