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Medium raises $25 million

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Re: Medium raises $25 million

#62
post #5
post #3

I guess this is the direct counter-argument to my comment in the thread about Svtle. Is it true that people actually don't care about keeping ownership over their content? I find it so strange that these services which are pitched directly at people who consider themselves to be brilliant also become the archive for your stuff. It just seems like a conflict of interest when, yes, what exactly is their game plan?

Think of Medium as a new age New York Times. Curation will be done by the general public rather than a paid editing team. Think of the shift of real time news to Twitter. It's basically the same idea for long form journalism. You may disagree at this point in time but given a few years it'll end up being just that.

I find the assertion that the general public will curate high quality content pretty amusing.

One only needs to look at the front page of reddit or youtube to see what kind of an intellectual world we live in.

Re: Medium raises $25 million

#66

Earlier quoted context omitted.

Hacker News comments don't require the blood, sweat, and tears involved in writing a 1,000-word well-edited essay. Additionally, Hacker News comments aren't used by the owning website for potential profit. (Y Combinator as a brand is likely hurt by HN comments anyways)

> Y Combinator as a brand is likely hurt by HN comments anyways Comments are the price some websites pay to encourage higher levels of engagement, and the high level of engagement here on HackerNews makes it a more valuable resource to its readers (more submissions, more voting, and sometimes informed comments from the community) and thus it has a halo effect on YCombinator. Thus the comments in the grand scheme of t…

I dislike not being able to leave a comment. Yes, I'm outspoken, strong-opinionated and I want to express myself. I liked the HN community before realizing that YCombinator is an incubator, etc. I am/were/came here for the community.

Re: Medium raises $25 million

#69
post #8

Earlier quoted context omitted.

It's a distribution / curation thing, like writing an Op-Ed for a magazine instead of publishing it on your blog. Either way you get the word out, but by ceding control to the magazine you gain access to a wider audience, unless you are in the 1% of bloggers who are a destination themselves (like daringfireball.com). Even Krugman "blogs" via the NYT instead of on his own domain. Both ways are valuable, of course. Jus…

The comparison doesn't hold up quite IMHO. NYT curates much more and so if you manage to get accepted you are more likely to be read. The same as far as I understand is not true for Medium. I have an account there and I am no Krugman.

Medium sends out an e-mail with hand selected stories every week though and I find myself reading a couple quite often though. That's much less likely to happen with your own blog.

Re: Medium raises $25 million

#70

Earlier quoted context omitted.

The comparison doesn't hold up quite IMHO. NYT curates much more and so if you manage to get accepted you are more likely to be read. The same as far as I understand is not true for Medium. I have an account there and I am no Krugman.

Medium sends out an e-mail with hand selected stories every week though and I find myself reading a couple quite often though. That's much less likely to happen with your own blog.

The real question you need to ask yourself though is, how likely are you to get your story in the email?
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