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."

Buying a blog...?

[DogDude]

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.

Ownership

[d18c7db]

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.

Re:Start there own site

[mwvdlee]

Why is the owner an asshole?
Presumably, he's spend quite a lot of his own time and money building and growing the site.
Whether it's worth the money he asks for it, is upto the market to decide. Apparently the editors think it is.

Re:half a mil for a wordpress site ?

[arfonrg]

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.

Re:MIght as well get rid of my RSS

[Spy Handler]

yeah, hope that never happens to Slashdot.