Platforms/Media: Ev Williams Raised $132 I One M Thousand For Medium, Instantly He Needs More

From Business Insider, Nov. 8:

$132 1000000 later, Ev Williams says he is raising fifty-fifty to a greater extent than coin for Medium

• Ev Williams needs to a greater extent than coin for Medium, which he says is nevertheless non profitable.
• Medium has received $132 1000000 from investors too therefore far.
• "We are coming out of this stage where it was assumed that the best lineament journalism is gratis inward unlimited quantities," he said.

LISBON — Ev Williams, the Twitter cofounder who has too therefore far raised $132 1000000 inward investment for his longform publishing platform Medium, says the fellowship is nevertheless non profitable too he volition live on raising to a greater extent than money. 

The annunciation — made today at the Web Summit tech conference inward Lisbon — volition heighten eyebrows because Medium is non yet profitable, Williams told Business Insider before inward the day. It was founded inward 2012, 2 years after Williams stepped downwards every bit Twitter CEO. 

The site currently has ninety 1000000 unique users each month, too publishes 20,000 articles per day, by too large from writers creating one-off articles. It late moved away from selling advertising every bit a revenue model to a subscription paywall, inward which readers are asked for coin if they run into to a greater extent than than iii stories per month. 

Williams said Medium's concluding investment circular was inward early on 2016. "We volition live on raising to a greater extent than coin precisely at that spot is nix to give away on that." 

The investment volition piece of employment inward Williams' endeavor to brand Medium a fleck to a greater extent than similar a vast, thoughtful magazine. What started every bit a longform blogging platform is looking to a greater extent than too to a greater extent than similar The Atlantic crossed alongside Wikipedia....

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