I decided to raise because I've never been more excited to work on something or loved my users more. In 6 months after just building something for myself, we went from 0 to 1000+ registered users, users earning 350k+ sats, 9k+ monthly visitors, and 40k+ page views per month.
Our mission remains aligned with the SN origin story. We want to
SN has a lot of work to do to get there, so we'll be working our butts off. We'll be addressing (1) with a attempts at novel ranking algorithms and using Bitcoin where it makes sense, (2) using site proceeds to airdrop sats on earnest, active users, enable paywalled content, marketplace features, and paying users for leadership roles in the community and (3) by decentralizing the site and giving users control.
As a founder, whenever I read these raise announcements, I'm always disappointed to not see the terms of the raise made public. So for anyone like me, we raised on a post-money SAFE with a $6m cap without a discount.