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Medium
Social publishing network
- 1001+ employees
- B2C
- Publishing
- Content
- Social
- Community
- Yerba Buena, San Francisco, CA
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Company mission
Medium's mission is to move thinking forward on the urgent issues shaping today and the next 100 years through honest, reflective conversation.
16% employee growth in 12 months
Otta's take
Theo Margolius
COO of Otta
If there is any consequence of the growing influence of technology in our lives, it's the vastly increased accessibility to information. Organizing and streamlining this abundance of content without relying on advertising bombardment and while maintaining a digital community has been a challenge.
Medium offers a publishing platform for small and large writers alike, with the New York Times and Atlantic magazines making regular contributions. This platform allows writers to create customized pages to provide anything from blogs to instructional content, newsletters and official publications. Its 100 million+ monthly readers benefit from the ad-free content sustained through the Medium Partner program.
While the quality internet content market continues to expand, Medium has struggled in recent years. A change in strategy and organisational culture leading to 50% of staff leaving in 2021 and multiple rapid experiments in revenue sharing failing to stem the growth of competitors such as Substack. With founder Ev Williams stepping down as CEO in 2022 investors have expressed fears about the future of the platform, but a change in leadership is likely to bring fresh ideas and a new direction for the company going forward.
Benefits
- 401k matching
- Continuous learning budget
- Equal opportunity employer
- Work from home opportunities
- Health insurance
- Onsite meditation, yoga, and a gym membership reimbursement
Funding (last 2 of 4 rounds)
Sep 2020
$0.1m
GRANT
Apr 2016
$50m
SERIES C
Total funding: $132.1m
This company has top investors
Founders
Evan Williams
(Chairman)Evan started his career at O'Reilly Media as a Marketing Coordinator, before co-founding Pyra Labs and spending a combined 4 years at Google and Odeo. Worked at Twitter for 12 years, as CEO and a Board Member, and co-founded Obvious Ventures in 2014.
Tony Stubblebine
(CEO, not founder)Was CEO & founder of Coach.me and Lift Worldwide, and CEO of CrowdVine. Prior to stepping up as CEO was Publisher at Better Humans, driving more than 1% of Medium's traffic through its publications.