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Beacon (YC W14) Offers A New Approach To Crowdfunding Journalism

48 pointsby zmitriover 11 years ago

3 comments

slvvover 11 years ago
Obviously you're focusing on journalists now, but there are other groups of content creators who might be into your product; I see cartoonists and photographers are mentioned in the article. I wonder whether this model would be useful to young academics, too - especially those who are moving to careers outside of academia but might still like to conduct and share research. Publishing in academic journals is (supposed to be) a way to get your research out there, and peer review does matter. But academic journals don't pay their authors, and often have very limited audiences. It seems like Beacon could help solve those problems. Maybe another interested population for you in the future!
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lukasmover 11 years ago
I&#x27;ve given a lot of though about current state of journalism and my conclusion was that the current model is wrong for two reasons 1. conflict of interests 2. lack of transparency<p>@1 There are two main sources of capital for journalists - government or companies that buy ads. The problem is when they can put pressure to not write of unjust acts that may conflict with their interests. The solution is to provide founding from large enough group of people when there is no dominant subgroup. Models has to be highly distributed to avoid bribing users[1]. There needs to be upper limit of funding e.g. 99$ or 10%[2] to dilute influence of a single user. Even better for a 5$ a month I can get credit which I can allocate.<p>@2 Log everything. Brutal transparency. That&#x27;s the only way I can think of.<p>So you&#x27;re going to make something people want, right? :) I want to be able to vote what is important for me. I want to post an issue and let other judge if it&#x27;s worth investigating.<p>[1] I&#x27;m amazed how often pattern of distributed models occurs and works very well (Bitcoin, Git etc.). [2] That may have a similar effect as Twitter&#x27;s 140 chars limit
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SandersAKover 11 years ago
cofounder of Beacon here - would love to get grilled by the HN denizens and get feedback about what we&#x27;re doing!
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