I was thinking that $1 is too much. I'd assume most of the articles submitted will be written by people with little to no professional writing experience.
Yeah, $10 is a lot for a startup. $1 is just the beginning; my website is flexible on changes so the prices will, inevitably go up by time.
People are actually lucky to get some dollar amount for articles, because back then, I get paid none for writing game reviews and such for this one site. (Just did it for the fun, nonetheless).
In term of our economy today, its better you actually get something, than nothing at all.
My start-up investments aren't a lot yet since I'm having mediocre traffic. It will change by time.