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Do You Own Brainify?

We want this community to belong to its members. Do you own Brainify? Well, no – but close. Our intent is that if Brainify ever changes hands (sells), we will distribute 30% of the proceeds of the sale among the members of Brainify.

We are hoping to do this for two reasons. First, I think that if Brainify develops a large member community and (consequently) large bookmark base, it will be an amazing resource and community for students around the world. By recognizing the stake that members have in Brainify, we are hoping it will help our community reach its full potential. And second, if we are fortunate enough to have some dedicated early members who help build the collection, I think it would be only fair if there were some way to possibly reward them. In fact, I always found it a bit odd when community based websites would sell and the most important people, those members responsible for the success of the community, did not benefit from the sale. It just seems like the right thing to do.

As a result, we intend to keep a record of how the community values the contributions of individual members. This will be a number called the member’s “reputation points”. It will be an imperfect measurement, but the best we can do. Then in the event of a sale, we plan to distribute the 30% according to each member’s points. There are other aspects to this that you can only fully understand if you do some further reading. Please look at the following documents on the Brainify blog: