Live data from Hacker News

Inside Medium's Meltdown

businessinsider.com

31–40 of 121 posts

Re: Inside Medium's Meltdown

#31
post #14

I view Medium not like a news or blog, but at its best - like the OpEd page of a major newspaper. Medium destroys the average newspaper website experience - ad crazy garbage everywhere. They should lock down public figures who are writing important articles. For instance, why not put someone like a Colin Powell on a retainer, to write regular articles, and he writes exclusively for Medium. There are some powerful fig…

It wouldnt do much to their revenue.

Re: Inside Medium's Meltdown

#32
post #2

> They were shocked. Their adored boss, billionaire CEO Ev Williams, best known as the cofounder of Twitter, seemed to care so deeply for each of them. LOL, as if CEOs (with the exception of some outliers in small businesses) ever care for their employees at the personal level. As soon as the company is in danger, it's off they go. And when the company does well, they aren't going to share the loot that much either.

I guess this is one aspect of academia that seems to be more humane than corporations. Faculty advisers and universities have interests that are aligned with their graduate students. When the students do great research and win awards, the adviser and university gets credit. While there are of course horror stories when they don't get along, academia at least still believes in investing in people, and not just using them for the product of their work.

A corporation would never take a new grad, spend hundreds of thousands of dollars and years of 1:1 time to teach and mentor them, put that person's name front and center on all the products they've worked on, and celebrate when that person moves up to another company.

Re: Inside Medium's Meltdown

#33
post #2

> They were shocked. Their adored boss, billionaire CEO Ev Williams, best known as the cofounder of Twitter, seemed to care so deeply for each of them. LOL, as if CEOs (with the exception of some outliers in small businesses) ever care for their employees at the personal level. As soon as the company is in danger, it's off they go. And when the company does well, they aren't going to share the loot that much either.

Past a certain size, it's impossible to care for all employees on a personal level. It's nothing malicious. You just physically cannot connect with them any more.

I personally think the cutoff point is somewhere between 30-50 employees.

Re: Inside Medium's Meltdown

#34
post #11

I'm guessing I read several Medium articles a month. Some of them are really well produced - Transit's engineering post on beautifying their maps, Remix's post about public transportation planning and ILP, and Karpathy's post on backprop come to mind. So I hope Medium sticks around because I get a lot of value out of them. Would I pay for this value? I think I actually would, but maybe only for stories I finish and t…

If they did turn into a subscription model... what would you be willing to pay per month? 7.99-9.99,maybe 19.99?

Medium has to compete with the rest of the blogging ecosystem, where many of their articles are actually cross-posted from personal blogs. The rest of that entire world, content is free or donation-driven, so the value of a Medium post is effectively nil. Arguably negative, for the feel-good garbage and corporate submarine PR.

Re: Inside Medium's Meltdown

#35
post #14

I view Medium not like a news or blog, but at its best - like the OpEd page of a major newspaper. Medium destroys the average newspaper website experience - ad crazy garbage everywhere. They should lock down public figures who are writing important articles. For instance, why not put someone like a Colin Powell on a retainer, to write regular articles, and he writes exclusively for Medium. There are some powerful fig…

It wouldnt do much to their revenue.

It would if they then syndicated the posts to publications around the world. German newspapers and magazines, for example, could have their pick of prominent writers they otherwise would not have access to and couldn't afford.

Re: Inside Medium's Meltdown

#36
post #11

I'm guessing I read several Medium articles a month. Some of them are really well produced - Transit's engineering post on beautifying their maps, Remix's post about public transportation planning and ILP, and Karpathy's post on backprop come to mind. So I hope Medium sticks around because I get a lot of value out of them. Would I pay for this value? I think I actually would, but maybe only for stories I finish and t…

If they did turn into a subscription model... what would you be willing to pay per month? 7.99-9.99,maybe 19.99?

Seriously? No.

Maybe about the price of a print magazine, though.

Re: Inside Medium's Meltdown

#37
I deliberately avoid using ambitious publishing platforms. I don't think this is an industry where you can grow your revenue without defeating the purpose of the product. This is an industry where you have to survive on tight margins, and figure out how to reliably provide the service longer than your users live without losing your wife. It's not glamorous, but there is no other way to offer a platform worth publishing on.

If your business is going to fail after less than a decade of hubris and greed, then why not use any other blog platform?

Re: Inside Medium's Meltdown

#38
post #35

Earlier quoted context omitted.

It wouldnt do much to their revenue.

It would if they then syndicated the posts to publications around the world. German newspapers and magazines, for example, could have their pick of prominent writers they otherwise would not have access to and couldn't afford.

No sharing. Prominent people's opinions in Medium articles would make news and drive people to Medium content. "Colin Powell calls Trumps immigration policy misguided". That's a global headline. Traffic rules.

Everyone tries to think like a VC. Medium will never be the biggest money. What they can do is be the next '60 Minutes', not the biggest, but prestigous and elevating.

Re: Inside Medium's Meltdown

#39
post #35

Earlier quoted context omitted.

It wouldnt do much to their revenue.

It would if they then syndicated the posts to publications around the world. German newspapers and magazines, for example, could have their pick of prominent writers they otherwise would not have access to and couldn't afford.

No, its not the quality of the content which makes it a business, this is exactly the misunderstanding of the whole mission to save journalism. Its never been a business to begin with.

Re: Inside Medium's Meltdown

#40
post #11

I'm guessing I read several Medium articles a month. Some of them are really well produced - Transit's engineering post on beautifying their maps, Remix's post about public transportation planning and ILP, and Karpathy's post on backprop come to mind. So I hope Medium sticks around because I get a lot of value out of them. Would I pay for this value? I think I actually would, but maybe only for stories I finish and t…

Do you have a link to the ILP one?
Post reply on HN