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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

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Natasha Mascarenhas
June 11, 2021
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. We're closing our survey soon, so this is your last chance (probably) to get your voice heard! Despite it being a short week, as always, it was a busy, busy time. We had Grace on the dials today, [...]
Natasha Mascarenhas
June 5, 2021
TechCrunch
Etsy, a marketplace for kitschy and creative DIY goods, acquired Depop, a hippy and thrifty marketplace for resale goods, for $1.625 billion this week. So, today we'll discuss the tale of two marketplaces, a deal that has given us a peek into the evolving ethos of social shopping. Depop, for those that don't know, is [...]
Natasha Mascarenhas
June 3, 2021
TechCrunch
In April, Medium CEO Ev Williams wrote a memo to his staff about the company's shifting culture in the wake of a challenging year. "A healthy culture brings out the best in people," he wrote. "They feel psychologically safe voicing their ideas and engaging in debate to find the best answer to any question -- [...]
Richard Dal Porto
May 29, 2021
TechCrunch
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment.
Ben Patterson
May 14, 2021
TechHive
Netflix will blow through up to 7GB of data an hour if you let it. Here's how to put the brakes on Netflix's data usage.
Research and Markets
May 7, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Global Baby Pacifier Market By Type (Single-piece and Multiple-piece), By Size (Small, Medium and Large), By Distribution Channel (Offline...
Giovanni Colantonio
April 24, 2021
Digital Trends
Returnal may change the way major companies approach bold projects by indie video game studios.
Steve Gillmor
April 9, 2021
TechCrunch
You may ask yourself, say the Talking Heads. What is this thing working from anywhere? Or as Google says, work from right here in the office. As the vaccines roll on out, some of us are just not ready for returning to normal. On this edition of the Gillmor Gang, the office is a state [...]
April 2, 2021
clinicaltrials.gov
Comparative Effectiveness of Readmission Reduction Interventions for Individuals With Sepsis or Pneumonia - Full Text View.
Casey Newton
March 25, 2021
The Verge
Interviews with 14 current and former employees paint a portrait of dysfunction and indecision as the publishing platform pivots again.
Research and Markets
March 10, 2021
www.prnewswire.com:443
/PRNewswire/ -- The "Life Cycle and Total Cost of Ownership (TCO) Analysis of Heavy, Medium, and Light Duty Trucks in Europe" report has been added to...
Michael J. Seidlinger
March 10, 2021
Wired
New SSD technology helps developers bend space and time--and creativity.
Allied Market Research
March 1, 2021
www.prnewswire.com:443
/PRNewswire/ -- Allied Market Research published a report, titled, "Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw...
Rick Lane
February 4, 2021
feedproxy.google.com
Does the Medium offer a glimpse into the future of gaming, or it another middling horror?
Matthew Gault
February 3, 2021
Wired
Bloober Team's newest horror title is a bad deal at $50 but a great way to pass a weekend on Game Pass.
Rob Thubron
February 1, 2021
TechSpot
Speaking in an interview with Polish financial outlet money.pl (via Gamespot), developer Blooper Team revealed just how quickly The Medium turned a profit.
Sarah Maria Griffin
January 27, 2021
the Guardian
Bloober Team's beautiful-looking exploration of intergenerational trauma is ripe ground for innovative storytelling, but fumbles its big themes
Chris O'Brien
January 22, 2021
Sifted
The story of Medium's acquisition of French ebook company Glose, which was announced last week, began with an email exchange six years ago.
bit-tech news
January 20, 2021
feedproxy.google.com
And a new teaser trailer has arrived for this raytracing enhanced spooky detective title.
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References

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