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Hackaday For Sale, Editors Seek Crowd Funding To Buy It
ilikenwf writes "Hackaday's owner, Jason Calacanis, has decided to sell the popular hacking/modding site for around $540,000. Multiple parties are interested; the most promising buyer at the moment appears to be the current editors, who are attempting to buy the site via crowdsourcing and incorporate it under a nonprofit to keep the hacks flowing. One way or another, the site should survive."
What exactly does it mean to "buy" a blog? Are they wanting to pay half a mil for a domain name? Is the content really worth half a million bucks? Or, are people just stupid when it comes to trying to put a dollar value on anything Internet related? It seems like a lovely little blog, but I don't see how any sane person could come up with a $500,000 valuation for it.
I don't respond to AC's.
So the way I see it, the campaign initiator is asking a whole bunch of supporters to buy this site for him at a cost of $540000, the contributors will not be part owners or have any say in the direction the site is run. They'll just get some trinkets in return, stickers, T shirts or some free advertising for a year.
I've read hackaday for years.
A couple weeks ago on July 1st, Caleb Kraft announced he was leaving and the site went for sale on the same day.
This was kinda suspicious for both things to happen at the same time especially because Caleb never explained why he left. HOWEVER, Caleb has posted to his personal site that he's started a new job at EETimes.com. Not sure why that was worth keeping secret.
Still, the whole thing feels like the current owner is holding the site for ransom. The way it is being explained is that the profits from hackaday are being poured into other weblogs, but if this campaign is successful, a non-profit will be formed and advertising profits will be poured back into the site.
I don't understand why they don't just buy a new domain. The freakin site is made with wordpress, who cares, the community can migrate.
Anyone can start a Wordpress site, he's selling the brand and the following. I have several blogs and they are alot of work.
I love Hack-a-Day and I thank him for getting it this far. I hope it stays around.
Your thin skin doesn't make me a troll
yeah, hope that never happens to Slashdot.