The Business Model of Beacon

Beacon was a crowdfunding platform for journalists where readers could get access to any story by any author. Users paid a small monthly fee for a subscription, most of which was directed to the selected author. In this way, subscribers could fund their favourite authors, but at the same time had access to the entire website with stories from all authors. Journalists were able to get direct feedback from readers, so resources were focused on topics that interested users, resulting in strong user engagement.