Have you read the blog post? They are making $14k a month, I know nothing about website valuation but I thought 36 months was the norm.

So I'm supposed to give money so two managers can buy out the shareholder of a company, with no expectation of returns. I'm sorry, is Hackaday a charity? Am I getting a return on my investment here? Am I getting any of that $14k a month? Let me get this straight, I'm giving money to two guys to do a buyout of a site that makes $14k a month, and I don't get a piece of the cash flow?

This is all so preposterous, I don't know how Kickstarter is even allowing this to happen on their site. Calacanis is one hell of a scammer.

I guess you consider content doesn't have value then? This is the return. If it's not enough for you, nobody force you to give. This is the beauty of crowd funding.

Would you give me money to buy a website I work for at 36 months, then I keep all the profits?

I would if it was a website that I liked and that we will be sure to keep the same quality of content. Does even Hacker News can't see values in content?

8-12 months worth of revenue is typical... this is roughly three times that amount.

People paid billion dollars for site that makes $0 money.

With that traffic, this is not a bad deal at all.