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Federacy wants to put bug bounty programs in reach of every startup

Federacy, a member of the Y Combinator Summer 2018 class, has a mission to make bug bounty applications obtainable to even the smallest startup.

Traditionally, bug bounty applications from gamers like BugCrowd and HackerOne have been geared towards bigger organizations. While these definitely have their place, founders William and James Sulinski, who occur to be twins, felt there was a niche within the market, the place smaller organizations had been being ignored of what they thought-about to be an important service. They wished to make bug bounty applications and the power to attach with out outdoors researchers rather more accessible, so that they constructed Federacy.

“We think that we can make the biggest impact by making the platform free to set up and incredibly simple for even the most resource-strapped startup to extract value. In doing so, we want to expand bug bounties from probably a few hundred companies currently — across BugCrowd, HackerOne, etc. — to a million or more in the long run,” William Sulinski instructed TechCrunch.

That’s an formidable long-term objective, however for now, they’re simply getting began. In truth, the brothers solely started constructing the platform once they arrived at Y Combinator a few months in the past. Once they constructed a working product, they began by testing it on the members of their cohort, utilizing educated associates as safety researchers.

They made the service public for the primary time just last week on Hacker News and report greater than 120 sign-ups already. Their objective is 1,000 sign-ups by 12 months’s finish, which William claims would make them the biggest bug bounty platform by depend on the market.

Screenshot: Federacy

For now, they’re vetting each researcher they carry on the platform. While they understand this method most likely gained’t be sustainable ceaselessly, they need to management entry at the very least for the early days whereas they construct the platform. They plan to be particularly attentive to the researchers, recognizing the worth they carry to the ecosystem.

“It’s really important to treat researchers with respect and be attentive. These people are incredibly smart and valuable and are often not treated well. A big thing is just being responsive when they have a report,” Sulinski defined.

Screenshot: Federacy

As for the long run, the brothers hope to maintain constructing out this system and creating the platform. One thought they’ve is getting a charge ought to a consumer construct a relationship with a specific researcher and need to contract with that particular person. They additionally plan to take a small proportion of every bounty for income.

Unlike extra typical YC members, the brothers are a bit older, of their mid-thirties, with greater than 20 years {of professional} expertise underneath their belts. Brother James was director of engineering at MoPub, a cell advert platform that Twitter acquired for $350 million in 2013. Earlier he helped construct infrastructure for drop.io, a file-sharing website that Facebook acquired in 2010. As for William, he was CEO of AccelGolf and Pistol Lake, and founding member and mission lead at Shareaholic.

In spite of their broad expertise, the brothers have valued the sensible recommendation Y Combinator has offered for them and located the general environment inspiring. “It’s hard not to be in awe of the incredible things that people have built in this program,” William stated.



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