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  Crowdfunding: Start for the Swiss online magazine Republic | Bit Updates
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Crowdfunding: Start for the Swiss online magazine Republic

Sunday, January 14th, 2018 | bitcoin updates

             It is the most successful crowdfunding project in the Swiss media landscape so far. For the night on Monday, Republik.ch begins reporting to paying subscribers.


        The highly acclaimed new online magazine Republic is starting in Switzerland. The special feature: It has far exceeded its goals within a few days with its crowdfunding campaign launched under the name Project R in the spring of last year. On Sunday evening, the participants wanted to unlock the platform for more than 15,500 paying users with a countdown, as Managing Director Susanne Sugimoto told the German Press Agency.
With 30 employees, the creators want to publish one to three photos with photos per day, usually six days a week except Sundays. They want to maintain a lively exchange with the users they call their publishers. "Our stories are about latent news, we do not do news reporting," said Sugimoto.
Constantin Seibt, who wrote for the Zurich Tages-Anzeiger for a long time, and Christof Moser, formerly at Weltwoche and SonntagsBlick, work on the project. The conservative Neue Zürcher Zeitung calls the republic a "left-liberal media project". The editors, on the other hand, describe themselves as independent and critical.
The project far exceeded expectations in its spring 2017 collection campaign: instead of the targeted 3000 depositors, more than 15,500 subscribers have come together so far. They pay 240 francs (more than 200 euros) for the membership in the cooperative and thus an annual subscription.
That was a world record in the media sector, Moser said back then. In addition, there were funds from investors and donors, so that the project has more than 7.7 million francs, according to Sugimoto. The funding was thus secured for at least two years. One of the role models was De Correspondent. The Dutch online newspaper launched in 2013 as crowdfunding project with 13,000 paying members and has now, according to own data 56,000 subscribers.
 (dpa) /




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