From the words of Hypothes.is’s Founder:
Our objective is to dramatically increase the quality of information in the world, via the feedback loop of crowd-sourced peer review. Think: Inverting Wikipedia and taking it out to the rest of the Internet (but with a better reputation model.)
We think this is humanity’s biggest challenge and that solving it is within our collective grasp.
The model of Hypothes.is is further explained in Dan’s intro video.
Note how Hypothes.is differentiates themselves from WikiPedia which Dan refers to as a, “Top-down editorial Bureaucracy”. Separating themselves from WikiPedia will naturally be a challenge for them – even if what they are doing is fundamentally different. Perception is still reality.
Nevertheless, Dan is an experienced Silicon Valley elite. He booked the first travel reservation in his living room – the software he built would eventually become a part of GetThere – a company that was purchased by Sabre Corporation in August of 2000, for 757 MM. Why do I know all this you ask? Well, that’s where ‘yours truly’ had his start. In fact, GetThere is the reason that I was able to start my own business. Do I have faith in Dan the man? Absolutely, as he – by way of fate and circumstance – allowed me to start Jivaldi.
So what does a startup do when it needs money and doesn’t want to be tied into Venture Capital right away? Well, it uses a service like Kickstarter. Kickstarter describes itself as the, “World’s largest funding platform for creative projects”.
Kickstarter allows companies to move away from investment or lending – allowing project creators keep 100% ownership and control over their work. Sounds nice eh? I guess it then just boils down to having a good idea – one that will get family, friends and beyond to make a donation.
How can anyone argue Free money?
Good luck Dan & Team!