The app HQ has only been around since August, but it has already engaged a solid base of fans who are making the live quiz app more popular by the minute. However, recent news notes that the creators behind Vine are heading to two bigger stages: Android placement and new valuation.
As was first reported by Recode, HQ is seeking capital funding, and plans to expand to Android by December 25 [Christmas Day], just in time for the holidays. The app has seen as many as 400,000 people who have tried their hand at its live quizzes win cash prizes of up to a few thousand dollars. According to Recode’s report, HQ is seeking to raise anywhere from $10 to $15 million in funding to elevate its valuation to close to $80 million.
In its official Twitter account, HQ teased its arrival to the biggest market for mobile devices, Android, in a move that could benefit its user base but diminish its prices. Until now, the price was divided between all the players with the correct answers. “Hey world, we hear you also have Android phones? HQ has a nice little stocking stuffer coming your way…” said the message, in what was the biggest step taken so far to increase its reach.
The question for HQ and its founders, Rus Yusupov and Colin Kroll, is if they are going to develop this app or follow their own lead and sell it as soon as its valuation soars. In the past, Yusupov has stated that he sometimes believes he sold Vine too early. Maybe HQ will represent a new shot for him.