Deal highlights

• Active global developer community, launched in 2014, with over 20,000 hackers 

• Active global hackathon organizer hosting 100+ hackathons with 1500+ hackathon projects completed

• Raised $2M+ from institutional funds such as Bitmain and 8 Decimal Capital

• Increased revenue by over 800% between 2017 and 2018

• Developer recruiting service partners with prominent enterprises from multiple sectors, including BOSCH, Microsoft, China Mobile, and Daimler AG

• Partnerships with blockchain projects, including Binance, BCH Foundation, Bitmain, NEO, TrueChain, TRON, Huobi, and Fenbushi Capital

• Hackathons covering cutting edge technologies, including AI, Blockchain, Cloud, Big Data, Security, FinTech, Quantum Computing, and AeroSpace Engineering

• Offering the right to purchase tokenized preferred stock that may be issued upon a token generation event

The Tech Recruiters’ Dilemma:

• Evaluating whether or not a candidate is the right fit for a company has been difficult to prove through the traditional interviewing process

• Scouting new talent is inefficient due to an abundance of platforms and the overload of resumes without an easy way to filter through each candidate

• Increasing distrust of resume is resulting from difficulty finding qualified candidates that live up to the qualifications listed on their resumes

The Developers’ Dilemma:

• Finding a job with little or no work experience can be very difficult, even for highly skilled compared to experienced candidates

• Many jobs are never posted online and require extensive networking in order to even be considered for the position

• No easy way to find small projects and tasks to build up their portfolios during the job search process

The number of hackers and developers is increasing rapidly, as well as the amount of open source projects. However, enterprises rely on traditional recruiting methods that fail to identify top talent in solving their technological challenges. This is in large part due to the lack of a location or platform that serves as a bridge between these disparate groups.

Enterprises across the globe need to adopt frontier technologies to improve efficiency, lower costs, and outperform their competitors. These technologies are used to solve issues regarding manufacturing, security, finance, agriculture, and real estate. Tech talent with top expertise is needed globally but are usually mismatched and hard to identify. Advanced technical talent is not conveyed well through a traditional resume.  Enterprises have successfully been able to aggregate creative and tech-savvy talents by sponsoring in-person hackathons in one specific geographical location. Prizes are generally awarded to the best solutions created and enterprises have the opportunity to offer employment to top talent that they’ve witnessed first-hand.

It is time to take this model to the next level. 

DoraHacks provides recruiting services to its community of talented hackers by connecting them to top enterprises globally through hackathons and its future recruiting platform

DoraHacks ecosystem

Not only does DoraHacks bring together a community of technology practitioners, engineers, entrepreneurs and enterprises, it also delivers key value to each party involved through online/offline hackathons and plays an important role in social, economic and technological development.

For Developers/Hackers:

• To obtain and practice tech skills by solving real-world problems

• To share expertise, experience and ideas with others

• To learn how to collaborate with teammates under pressure

• To potentially get job offers from top-tier enterprises

For enterprises:

• To crowdsource or seek business ideas or solutions

• To collaborate with startups to launch new product or service

• To identify great and the right talents for recruiting purpose

• To reach out and engage with hacker community to enhance branding

Recently, DoraHacks launched HackHub (Beta), an online platform that brings together global talent. It allows hackers to create a profile, communicate and collaborate with hackers around the world, and engage in online hackathons or competitions. 

HackHub gives recognition to talented hackers by growing their reputation and rewarding them with badges or credit. Moreover, hackers have the opportunity to win prizes from global enterprise partners. Hackers will have a track-record of their work and projects to show their capabilities to prospective employers.

Log into the HackHub to post and find ideas

Make a profile and browse the profiles of hackers

Grow your profile and get discovered by enterprises and other hackers

Quickly Growing Community

In 2017, DoraHacks started in Beijing and gradually became one of the largest hacker communities and hackathon organizers in China. As a leading hacker community brand, DoraHacks has partnered with hundreds of leading enterprises across 8 countries, and organized nearly 100 hackathons in 15 different cities. Since its establishment, around 3,000 projects were generated that reached approximately 300,000 developers.

DoraHacks has prominent corporate partners from multiple sectors, including BOSCH, Microsoft, China Mobile, Daimler AG etc. DoraHacks also has wide partnerships with blockchain projects, including Binance, BCH Foundation, BitMain, NEO, TrueChain, TRON, Huobi, Fenbushi Capital etc.

We've collaborated with 3 major exchanges. 

Many leading blockchain projects build their developer community by partnering with DoraHacks. 

Top funds strategically invest or co-incubate with DoraHacks to search for the next unicorn in the industry.

Trusted ecosystem partner of global catalysts, helping enterprises solving their technical challenges. 

Giants and top-tier ventures around the world enter new markets in frontier fields with DoraHacks. 

DoraHacks’ rapid growth in the global community of hackers can be attributed to the current expansion of global developers and open source contributors. Moreover, entrepreneurial hackers are empowered by a new wave of web-based software that allows them to provide hacker solutions to top technical problems.  By combining technology with innovation and collaboration, hackers and developers are creating new marketspaces. The ‘hackers-for-hire’ market proves to be extremely valuable for companies that are seeking talent and solutions to their enterprise problems. 

Build a tool for the world leading exchange to detect inactive crypto addresses and track suspicious money-laundering activities.

An influential Chinese NGO building up a platform to collect data from regional non-profit organizations and credit 500k companies based on their track record of pollution. DoraHacks moderated a group of hackers and helped build classification models to categorize companies. Nature Guardian is now working with SEE on integration with the Central Bank of China to build credit system of “green debt.”

DoraHacks | San Jose 2018

A 9-year-old girl created a gun-control prediction app at DoraHacks San Jose Hackathon 2018.

What hackers are saying about DoraHacks?

DoraHacks’ business model fits perfectly with all the hacking activities

Most of DoraHacks’ revenue stream comes from enterprise sponsorships.

• Sponsorships for in-person hackathons
• Sponsorships for online hackathons
• Recruiting service fees

Additional future revenue stream could include further fees from enterprise partners posting online hacks or competitions and fees for developer/hacker talent recruiting by companies. In terms of revenue model, platform and service fees as well as a solution package fees will be applied. Global online hackathons and communities benefit both hackers and enterprises. M&A’s have occurred with many of DoraHacks’ competitors by large tech companies that include Google and Microsoft. As you can notice in the competitor graphic in the competition section below, there appears to be a correlation between the number of users and the M&A or valuation amount.

Developers and hackers have become the major workforce

Number of hackers and developers is increasing rapidly. 

• The current worldwide population of professional developers is projected to grow from 23.9 million today (2019) to 28.7 million in 2024.

  Growth of open source projects & hacker projects is fast. 

• In 2018, two of the biggest acquisitions of open source software companies, Red Hat and GitHub, signaled the progression of open source to the mainstream.

Enterprises are adopting hacker culture and hosting hackathons. 

• There were 5,636 hackathons worldwide in 2018, representing a 26% growth from 2017.

The hacker movement has resulted from the open source movement that gives people the opportunity to learn and practice technologies, build products and turn entrepreneurial ideas into reality without a mandatory university degree. The movement started with hackathons. Hackers attend hackathons to learn technology and to find teammates to build products. Every year, thousands of hackathons are organized across the globe. A growing and large percentage of developers, college students and almost every open source contributor participate in hackathons.

DoraHacks’ growth is correlated with the increasing global IT market, global online recruitment market as well as the population of global developers and hackers. That indicates, moving forward, DoraHacks will have greater opportunities to enhance its user base and to attract more top-tier enterprises to sponsor or partner with DoraHacks in order to access its fast-growing talent pool. Such ecosystem has a substantial amount of potential to directly or indirectly contribute to the global online recruitment market and trend.

What makes DoraHacks stand out?

What's next

Raised about $2M+ to date from prominent industry investors 

And have built a network of strategic investors that refer high-quality partners to the DoraHacks community and platform.

DoraHacks is raising money by offering Digital Securities for sale. The digital securities will have the same rights and benefits as traditional equity, but they will be represented in digital form. When investors purchase the DoraHacks Digital Security, they will be purchasing preferred shares in the company.

Core Team

CEO

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Key Mentors

Renowned Professors

Corporate Tech Leads and CTOs

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Venture Capital Managers