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So I'm supposed to pay Medium to curate for me? Than what exactly is the point of Medium? Isn't the social graph supposed to automate this?
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You know, I didn't think I could be more angry today, but lo and behold: Medium. niemanlab.org/2017/03/media-is-broken-so-mediums-launching-a-5month-member-program-that-offers-small-upgrades/
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And just to be really clear here, Medium is basically saying: "We have no competitive advantage except that people give us free content"
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Medium isn't close to the first publishing platform to do this. Here's others in the category Medium is entering: Forbes Thought Catalog
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So welcome to the New Medium everyone: it's going to just be Thought Catalog for the Silicon Valley set.
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Actually... hahahahahahhahaha... you know what Medium is going to be most like? MTV's College Publisher. Basically the same model.
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Sillicon Valley in a nutshell: we've reinvented the three-editions-a-day newspaper, a format we helped destroy, only now it's "satisfying"
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Do you think at any point in the process of planning at Medium someone was like 'hey doesn't this entire model not make money?'
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I bet someone did and then another person said "They said that about Facebook" and that shut the conversation down.
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This whole 'pay for Medium as a newspaper' concept is perhaps, altogether, the least original idea ever to come out of the startupland.
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Today we hit the mark of Medium's momentum as a hot startup exceeding its biz capability. It's in no-man's-land of well funded uselessness.
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So what about news orgs using Medium to host their sites? Do they get anything from being 'curated', since they're not getting ad dollars?
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If a professional publication gets curated into Medium's Hot New Home Page, for which Medium receives money, does the pub get a cut?
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I can't wait to laugh at the dumb schmuck who buys Medium.