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

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May 6, 2020
The Indian Express
Medium, Small and Micro Enterprises have been the focus of the government's relief package. What makes them most vulnerable to Covid-19 disruptions? A look at the numbers, problems, possible ways forward.
Cal Newport
April 23, 2020
Wired
To ensure readers get the latest, best information on Covid-19, pandemic experts need to go back to the early days of Web 2.0.
Kevin Roose and Gabriel J.X. Dance
March 23, 2020
www.nytimes.com
More than half of all news consumption on Facebook in America is about the virus, according to an internal report.
Zoya Teirstein
March 1, 2020
Grist
Her latest proposal, introduced as the stock market continues to plunge amid coronavirus fears, is aimed directly at Wall Street banks.
Lucas Matney
February 14, 2020
TechCrunch
In case you haven't heard, VCs are loving on workplace software as of late and productivity tools that help teams collaborate seem to be a particular frothy area of investment. A smattering of top VC firms and angels including General Catalyst, First Round Capital, Bloomberg Beta, Biz Stone and Ellen Pao are throwing their confidence [...]
Anthony Ha
October 22, 2019
TechCrunch
Medium is announcing significant changes to its Partner Program, where subscribers pay for access to exclusive content, and the revenue gets split with writers. The biggest change is that writers will now be compensated based "primarily" on reading time, rather than claps. In a post, Medium's Emma Smith describes reading time as "a closer measure [...]
Jay Peters
September 18, 2019
The Verge
Medium's "Save to Medium" bookmarking feature is now live, letting you save articles from across the web to a single interface you can read whenever you want, roughly two weeks after app sleuth Jane Manchun Wong discovered the experimental Pocket- and Instapaper-like feature earlier this month. In my brief testing, it doesn't seem that useful to me at all.

References

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