Tipjoy Raises $1 Million First Round For Blog Tips, Micropayments
This story was written by Joseph Weisenthal.
Micropayments, tips for bloggers The failures of the past haven't deterred everyone. Tipjoy, a Mass.-based Y Combinator alum, has raised a $1 million first round led by Betaworks. Other investors and advisors in this round include The Accelerator Group, David Shen Ventures, Chris Sacca, Taavet Hinrikus and Ron Bouganim. How does Tipjoy plan to do it differently: Content creators set up a simple box for users to enter in a tip amount and an email address. Tippers are then sent an email, where they can arrange payment. Perhaps this takes some of the pain points out of the micropayments process. Read more in Tipjoy's blog post, which includes a link to the .pdf of the announcementwhich you can buy for $.99.
By Joseph Weisenthal