Federacy , a member of the Y Combinator Summer 2018 class, has a mission to make bug bounty programs available to even the smallest startup. Traditionally, bug bounty programs from players like BugCrowd and HackerOne have been geared toward larger organizations. While these certainly have their place, founders William and James Sulinski, who happen to be twins, felt there was a gap in the marketplace, where smaller organizations were being left out of what they considered to be a crucial service. They wanted to make bug bounty programs and the ability to connect without outside researchers much more accessible, and so they built Federacy. “We think that we can make the biggest impact by making the platform free to set up and incredibly simple for a 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 told TechCrunch. That’s an ambitious long-term goal, but for now, they are just getting started. In fact, the brothers only began building the platform when they arrived at Y Combinator a couple of months ago. Once they built a working product, they started by testing it on the members of their cohort, using knowledgeable friends as security researchers. They made the service public for the first time just last week on Hacker News and report over 120 sign-ups already. Their goal is 1000 sign-ups by year end, which William claims would make them the largest bug bounty platform by count out there. Screenshot: Federacy For now, they are vetting every researcher they bring on the platform. While they realize this approach probably won’t be sustainable forever, they want to control access at least for the early days while they build the platform. They plan to be especially attentive to the researchers, recognizing the value they bring to the ecosystem.
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Less talk, more walk.