You might not see value in it, but I wouldn't be too surprised if some big blog network snaps up hackaday soon.
With a little bit care you can make some serious money with that much traffic, even if most of the traffic is tech savvy and some of them might use adblock and generally immune to traditional ads.
Everything else is staying the same...
Would you do that with a friend? Start a business with him and then years later, when he decide to sell his part, you just flee and start from another name, avoiding to buy his part?
The impression I get is that the people behind this project (raising the money) are the ones doing the hard work anyway -- they are the ones who should be rewarded, IMO.
Edit: I was gonna throw $25 their way just for the hell of it. I don't visit the site so, in all honesty, it doesn't matter to me if they reach their goal or not. I was feeling nice, though, and then, as I'm skimming over the page, I see that anyone who gives < $100 is apparently a "tightwad".
I'm keeping my $25 and I'm going to spend it on myself instead. If they want to keep their web site going they can follow joonix's suggestion: https://news.ycombinator.com/item?id=6045796.