Golden
Medium (company)

Medium (company)

An online publishing platform used by amateur and professional writers. Membership fees are used to pay writers.

Medium is an online publishing platform where people can publish their articles for free. It’s used by both amateur and professional writers. As of August 2019, most of the articles are hidden behind a paywall, which forces visitors to pay for an account. In this way authors usually reach a smaller audience but make a larger profit. Medium CEO Ev Williams is co-founder of Twitter. 



Medium attracts 90 million unique visitors a month and 20,000 articles per day are generated by users, based on 2019 data. The company aims to incentivize quality writing over clickbait, endeavoring to publish the world’s best test-based content. 



In 2017 Medium launched a $5 per month, or $50 per year metered paywall where members would get syndicated content from established publications like The New York Times, New York magazine, and The Financial Times. Mediums staff would choose certain stories rather than run every article. The company also works with professional freelance writers and journalists. Medium hired Siobhan O’Conner, former executive editor at Time. O’Conner has hired editors across a number of beats and they commission longform articles, regular columns and a full-length book has been commissioned. 



Members of the Medium community have the option of placing their piece behind the Medium paywall where the amount given depends on the amount of engagement the article received. Engagement involves the number of “claps” and users that read to the end of the article. Evaluators hired by Medium have the job of finding the best articles generated by the community. An evaluator my work with the writer to improve their piece. The article will be placed into topic “channels” and onto the Medium homepage and daily newsletters. In 2018 Medium claimed it had paid out $5 million to writers. The highest payout for a single story was $4290 in January 2019. 





Timeline

People

Name
Role
LinkedIn

Alan Vaynerchuk

Investor



Biz Stone

Investor



Bryan Mason

Investor



Chris Sacca

Investor



Craig Mod

Advisor



David Sze

Board member



Evan Williams

Founder



James Hong

Investor



James Joaquin

Investor



Matt Mazzeo

Investor



Michael Jones

Investor



Michael Ovitz

Investor



Michael Sippey

Advisor



Paul Ford

Advisor



Peter Pham

Investor



Philip Kaplan

Investor



Raymond Nasr

Advisor



Steven Johnson

Advisor



Susan Wu

Advisor



Tony Stubblebine

Advisor



Further reading

Title
Author
Link
Type
Date

Why Your Company Should Stop Blogging on Medium



Web



Documentaries, videos and podcasts

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Date
Link





Companies

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CEO
Location
Products/Services









References