This Week in Startups

Medium: Reaching Profitability while The Internet is Broken + CorePod | E2003

34 snips
Sep 5, 2024
Tony Stubblebine, CEO of Medium, discusses the platform's innovative approach to combating the broken ad-driven internet. He explores Medium's subscription model that prioritizes quality content and user experience. The impact of AI on content creation is addressed, including challenges with spam and the ethics of data use. Stubblebine also shares insights on Medium's growth, financial milestones, and the importance of diverse perspectives to enhance reader experiences.
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INSIGHT

Broken Internet

  • The internet's brokenness stems from ad-based models incentivizing attention grabbing over value.
  • This leads to misinformation, anger, and a waste of time, not a smarter society.
INSIGHT

AI's Impact on Content

  • AI worsened the internet's content issues by making it cheaper to create high volumes of low-quality posts.
  • Platforms now face more work filtering good content from the increased volume.
INSIGHT

Medium's Content Strategy

  • Medium's success comes from balancing author incentives, recommendations, and curation.
  • This system prioritizes quality writing by experts over attention-grabbing content.
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