where does the app hq get the money from
HQ Trivia Creators Rus Yusupov and Colin Kroll have sought to attract investors and venture capitalist firms to fund HQ with the intent of landing a post-money valuation as high as $100 million.[23] However, the pair's prior split from Twitter has caused issues; Kroll departed the social media site in 2014 after accusations of incompetence and alleged inappropriate behavior towards women, and Yusupov was laid off in 2015, giving potential investors reasons for pause.[16][23] Currently, HQ's fundraising prospects are ongoing and its parent company, Intermedia Labs, is still in talks with potential investors.[23]
GoFundMe GoFundMe allows users to create their own website to describe what they are raising money for.[2] During this process, members can describe their fundraising cause, the amount they hope to raise, and upload photos or video.[14] Once the website is created, GoFundMe allows users to share their project with people through integrated social network links (Facebook, Twitter, etc.) and email. People can then donate to a userâ€™s cause through the website using a debit card or credit card [15] and track the progress of their funding. Those who donate can also leave comments on the website in support of the project. GoFundMe generates revenue by automatically deducting a 5% fee from each donation users receive. If the user receives no donations, then no charge is made.[16] This 5% fee allowed Damphousse and Ballester to run the company without outside capital.[17] In addition to the 5% that GoFundMe deducts from each transaction, WePay collects 2.9% and $0.30 from each GoFundMe transaction.