Hackernoon , one of the most popular online tech publications in the
world, is raising money for the first time via equity crowdfunding in
a bid to create their own CMS platform and update their business
model, the company announced on their website on November 6, 2018.
Own Part of the Popular Tech Website
In a bid to launch Hackernoon 2.0, a new and improved version of the
fan-favorite publication, the company has announced the start of an
equity crowdfunding found. According to the company’s website, the
main reason behind the move was to create a Content Management
System that would enable the company to leave Medium ‘s native
platform.
The incredible popularity of Hackernoon is visible in the metrics
provided in the announcement, which show it surpassed even
TechCrunch in categories such as visits and unique visitors, as well as
bounce rate and story quality.
Building a new CMS from scratch will allow the company to keep all of
its content free and rely less on third-party ads that are inherent to
Medium ‘s platform. In the announcement, Hackernoon said that it was
raising $1,069,993.40 for 14.32 percent ownership of the company
with a $6,404,200 pre-money valuation. If this crowdfund round is
fully subscribed, the company’s post-money valuation will be about
$7.5 million.
The company also said that it plans on launching a Hackernoon token,
explaining that a token raise will be the most probable and highest-
ceiling route for launching Hackernoon 3.0. And while the company is
entirely common stock, all crowdfund shareholders will grant their
voting rights to the CEO to simplify logistics.
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What Does Hackernoon 2.0 Bring?
According to the company’s announcement, Hackernoon plans on using
approximately half of the $1 million that will be raised in funding to
build a profitable site without Medium ‘s Content Management
System. Most of the other half of the funding will be spent on writer
bounties and developers, with software and other expenses making up
the smaller part.
Allocating such a large percentage of the raised funds to writers will
enable Hackernoon to focus more on the website’s contributors and
grow both their user and reader base. In version 2.0, verified writers
will be able to earn the right to hit publish, while community editors
will be able to win the right to control the site’s curation.
Hackernoon ‘s CEO David Smooke explained the move by saying:
Another big update to Hackernoon will be the ability for readers to
tip contributors with both fiat and crypto , while writers could earn
points for their contributions. These “hacker points” as the company
described them, could serve as the basis for not only site influence,
but also a Hackernoon cryptocurrency.
world, is raising money for the first time via equity crowdfunding in
a bid to create their own CMS platform and update their business
model, the company announced on their website on November 6, 2018.
Own Part of the Popular Tech Website
In a bid to launch Hackernoon 2.0, a new and improved version of the
fan-favorite publication, the company has announced the start of an
equity crowdfunding found. According to the company’s website, the
main reason behind the move was to create a Content Management
System that would enable the company to leave Medium ‘s native
platform.
The incredible popularity of Hackernoon is visible in the metrics
provided in the announcement, which show it surpassed even
TechCrunch in categories such as visits and unique visitors, as well as
bounce rate and story quality.
Building a new CMS from scratch will allow the company to keep all of
its content free and rely less on third-party ads that are inherent to
Medium ‘s platform. In the announcement, Hackernoon said that it was
raising $1,069,993.40 for 14.32 percent ownership of the company
with a $6,404,200 pre-money valuation. If this crowdfund round is
fully subscribed, the company’s post-money valuation will be about
$7.5 million.
The company also said that it plans on launching a Hackernoon token,
explaining that a token raise will be the most probable and highest-
ceiling route for launching Hackernoon 3.0. And while the company is
entirely common stock, all crowdfund shareholders will grant their
voting rights to the CEO to simplify logistics.
ADVERTISEMENT
eToro MOBILE2
What Does Hackernoon 2.0 Bring?
According to the company’s announcement, Hackernoon plans on using
approximately half of the $1 million that will be raised in funding to
build a profitable site without Medium ‘s Content Management
System. Most of the other half of the funding will be spent on writer
bounties and developers, with software and other expenses making up
the smaller part.
Allocating such a large percentage of the raised funds to writers will
enable Hackernoon to focus more on the website’s contributors and
grow both their user and reader base. In version 2.0, verified writers
will be able to earn the right to hit publish, while community editors
will be able to win the right to control the site’s curation.
Hackernoon ‘s CEO David Smooke explained the move by saying:
Another big update to Hackernoon will be the ability for readers to
tip contributors with both fiat and crypto , while writers could earn
points for their contributions. These “hacker points” as the company
described them, could serve as the basis for not only site influence,
but also a Hackernoon cryptocurrency.
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