Announcing Series A financing lead by Betaworks
We are delighted to announce that Tipjoy has closed a Series A round of financing led by Betaworks. Betaworks is a seed stage platform for investing in and building Internet based businesses. Its network includes Tumblr, Twitter (Summize), Outside.in and others.
Others in the round make for a stellar group of investors and advisers with The Accelerator Group, David Shen Ventures, Chris Sacca, Taavet Hinrikus, and Ron Bouganim.
We're more than just the easiest way to leave tips for great online content. We make it easy to buy and sell any digital content. As an example, we've made a PDF version of this announcement available for 99¢. A single click grants access to this document. New users need only enter their email address. Tipjoy transactions are decoupled from the payment processing, making the user experience super-simple. Here is our announcement widget.
Simplicity in digital payments is a primary value of Tipjoy. We understand the difference between selling physical goods and digital goods. The old-fashioned systems currently out there were designed so that people could sell physical goods from their brick-and-mortar stores over the internet. Digital goods are fundamentally different.
We know that this document isn't really worth 99¢. But bits are bits, and there are a lot of bits out there that you would pay 99¢ for. Comics which made you laugh, amazing videos, MP3s of great local bands, genuinely useful web apps. Tipjoy makes giving money for any digital content just a single click.
Tipjoy understands that when you give money to something you love online, you're doing it as a social gesture. We encourage you to share great content, see who the patrons are, be the top giver, and tweet about it. Here's the Tipjoy link for this announcement
Tipjoy is also announcing that we're allowing cash-out via PayPal. As always, you can also choose to buy yourself an Amazon gift card or dedicating your earnings to another site or to charity. We look forward to continuing to make it easier for you to get your money in and out of Tipjoy by leveraging additional payment processors in the future.
All proceeds from the sale of this PDF will be donated to the storm relief fund Yéle Haiti.