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	<title type="text">Adam Popescu | The Verge</title>
	<subtitle type="text">The Verge is about technology and how it makes us feel. Founded in 2011, we offer our audience everything from breaking news to reviews to award-winning features and investigations, on our site, in video, and in podcasts.</subtitle>

	<updated>2015-10-22T20:24:09+00:00</updated>

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				<name>Adam Popescu</name>
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			<title type="html"><![CDATA[Ev Williams on Medium’s future, his new venture fund, and listening to his gut]]></title>
			<link rel="alternate" type="text/html" href="https://www.theverge.com/2015/10/22/9598176/ev-williams-on-medium-s-future-his-new-venture-fund-and-listening-to" />
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			<updated>2015-10-22T16:24:09-04:00</updated>
			<published>2015-10-22T16:24:09-04:00</published>
			<category scheme="https://www.theverge.com" term="5 Minutes on The Verge" /><category scheme="https://www.theverge.com" term="Tech" /><category scheme="https://www.theverge.com" term="Verge Series" />
							<summary type="html"><![CDATA[Ev Williams has said that Medium is a platform, not a publisher. Despite its title and apparent initial focus on long features, it&#8217;s become increasingly known as a place for writers to post short-form content. It&#8217;s also proven popular with companies, as we saw earlier this week when Amazon&#8217;s Jay Carney and The New York [&#8230;]]]></summary>
			
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<img alt="" data-caption="Ev Williams | &lt;a href=&quot;http://www.jupitermediagroup.com/Galleries/Kairos-Society-2015/Karios-Society-Obvious-Venture/&quot;&gt;Ian Bailey, Jupiter Media Group&lt;/a&gt;" data-portal-copyright="&lt;a href=&quot;http://www.jupitermediagroup.com/Galleries/Kairos-Society-2015/Karios-Society-Obvious-Venture/&quot;&gt;Ian Bailey, Jupiter Media Group&lt;/a&gt;" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/chorus/uploads/chorus_asset/file/15548278/IMG_8456.0.0.1445537352.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" />
	<figcaption>
	Ev Williams | <a href="http://www.jupitermediagroup.com/Galleries/Kairos-Society-2015/Karios-Society-Obvious-Venture/">Ian Bailey, Jupiter Media Group</a>	</figcaption>
</figure>
<p>Ev Williams has said that Medium is a platform, <a href="https://medium.com/the-story/medium-is-not-a-publishing-tool-4c3c63fa41d2">not a publisher</a>. Despite its title and apparent initial focus on long features, it&rsquo;s become increasingly known as a place for writers to post short-form content. It&rsquo;s also proven popular with companies, as we saw <a href="http://www.theverge.com/2015/10/19/9566847/amazon-jay-carney-new-york-times-expose-criticism">earlier this week</a> when Amazon&rsquo;s Jay Carney and <em>The New York Times</em>&rsquo; Dean Baquet used the platform to attack and defend the paper&rsquo;s Amazon investigation. Around 20,000 people are creating posts every week, and it gets <a href="http://www.wired.com/2015/04/ev-williams-rules-quality-content-clickbait-age/">25 million unique visitors</a> a month. Now Williams is trying to steer the service toward big brand dollars.</p>

<p>At the Kairos Summit in Los Angeles last week, Williams and his partner James Joaquin pitched their new venture capital fund Obvious Ventures to a room full of fledgling entrepreneurs. Joaquin described his partnership with Williams as &#8220;world positive investing,&#8221; meaning renewable energy, health and wellness, and education. About an hour before, I sat down with Williams to discuss the next phase of his new fund, Medium, and how writers might make money on it.</p>

<p>To do that, Williams says Medium, which has <a href="http://recode.net/2015/09/28/ev-williams-medium-raises-57-million-for-the-best-stories-and-ideas-on-the-internet/">raised $82 million</a> since its 2012 founding, will be a tool for top-tier creatives to get brand deals. He says the next phase of Medium is about linking writers with brands, with Medium acting as the go-between, vetting creators. Meaning, in part, a native advertising hub filled with long-tail content. Here&rsquo;s Williams on what&#8217;s next for Medium.</p>

<p><strong>Adam Popescu: You&rsquo;ve said Obvious Ventures invests in companies you wish existed. What exactly do you wish existed?</strong></p>

<p>Ev Williams: It&rsquo;s the old William Gibson quote: &#8220;The future&rsquo;s already here, it&rsquo;s just not evenly distributed.&#8221; Advances in technology will help fuel the spread of any solution, but there are so many solutions to problems that aren&rsquo;t to scale yet. We see this huge opportunity, so many examples. If you look at [the company] Tesla, Tesla&rsquo;s success isn&rsquo;t based on fundamental scientific breakthrough. It&rsquo;s great engineering, for sure, and they&rsquo;ve made advances, but they&rsquo;ve put so many pieces together to create great deals that helped that company succeed against all odds.</p>
<p><q class="right"><span>&#8220;The web itself wasn&rsquo;t meeting that need to its full potential.&#8221;</span></q></p>
<p>I started Medium with the intention that there&rsquo;s a better way to support quality ideas, thinking, stories we don&rsquo;t yet have on the internet. Social media filled a gap that we didn&rsquo;t know existed before, and Twitter and its followers so-to-speak have created a layer of real-time information that is extremely powerful. But that doesn&rsquo;t suffice to help explain our world, or drive deeper understanding and connection. The web itself wasn&rsquo;t meeting that need to its full potential. That&rsquo;s why we created Medium. And while I was working on Medium, I was talking with James Joaquin about how do we make more good things happen &mdash; so we came up with the plan for Obvious, to help things succeed that we want in the world.</p>

<p><strong>Nine months ago, Medium felt like a place for long form. Then there seemed to be a switch to short form. What&rsquo;s your vision?</strong></p>

<p>The vision never changed. Think about it like a magazine: a couple feature articles which are pages long, then a one-page column, little blurbs, and all that stuff goes together. That&rsquo;s the way we always saw Medium. It was always for what we saw as medium- to long-form content. It was always meant to be anything longer than a tweet to go on Medium &mdash; as long as it was less ephemeral and had some lasting value.</p>

<p>What happened to get a lot of attention were the longer pieces. It&rsquo;s also the case that the design didn&rsquo;t necessarily optimize &mdash; if you wanted to write a paragraph, it looked funny on Medium, so those are the changes we made, but it wasn&rsquo;t a shift in vision. Anyone who has ideas and stories to share with the world. It&rsquo;s &mdash; who publishes to the web? or, who uses blogs? It&rsquo;s all of the above. That&rsquo;s who Medium is for. Tons of brands use it.</p>

<p><strong>So, what&rsquo;s next for Medium?</strong></p>

<p>There&rsquo;s tons published every day. From nonprofits, to brands, lots of big brands, small brands, individuals obviously. We saw the same thing at Twitter &mdash; this is more true of Medium today than it was at Twitter &mdash; after a while, people would say Twitter is all tech and startups. The only people on Twitter are Silicon Valley people.</p>
<p><q class="left">&#8220;After a while, people would say Twitter is all tech and startups.&#8221;</q></p>
<p>Medium is a little bit in that stage now. It&rsquo;s early, and there&rsquo;s a lot of stuff you just don&rsquo;t see because you&rsquo;re not connected to it. And we need to do a much better job ourselves of surfacing that. That&rsquo;s something we&rsquo;re spending more time on now.</p>

<p>Our first couple years, we were spending time helping to get &mdash; helping folks on the creation side &mdash; that&rsquo;s still the driver, but now there&rsquo;s enough that we need to work a lot more on discovery.</p>

<p><strong>Is Medium a place for writers to make money?</strong></p>

<p>One big thing that&rsquo;s not there yet that we just announced last week is to help creators monetize if they&rsquo;re at the more professional level. And we haven&rsquo;t rolled out exactly &mdash; we haven&rsquo;t rolled out any features around that &mdash; but I think the building blocks are there.</p>

<p><strong>Meaning native advertising?</strong></p>

<p>I don&rsquo;t think there&rsquo;s one way that monetizing makes sense for all types of content. There&rsquo;s going to be sponsorships and branded dollars on the platform. Our vision is to connect quality creators with brands who may want to work with them. [It&rsquo;s] more than for us to necessarily sell ads and give every writer a few pennies.</p>
<p><q class="right">&#8220;Our vision is to connect quality creators with brands.&#8221;</q></p>
<p>There&rsquo;s interesting things we could do around premium content and subscriptions. A number of outlets are seeing success in that, even as stand-alone sites. Something like that is easy to imagine, and [it&rsquo;s] going to work a lot better on the platform.</p>

<p><strong>Connecting creators with brands &mdash; almost an agency model? Medium vetting creators with brands?</strong></p>

<p>It&rsquo;s too early to say any more details about how that&rsquo;s going to work. We &mdash; because a lot of people are asking, we just put out the news that <a href="https://medium.com/the-story/how-does-branded-content-work-on-medium-e0e414910239">we&rsquo;re definitely going to do that</a>, and we&rsquo;ll be talking about it more as we know more details.</p>

<p><strong>Can you give a time frame?</strong></p>

<p>Later this year, early next year.</p>

<p><strong>Here you are running a major technology company, one of several you&rsquo;ve had major success. Obviously you made the right moves &mdash; can you tell me a mistake you&rsquo;ve made as an entrepreneur?</strong></p>

<p>Not listening to my gut. And what I&rsquo;ve tried to do now is, if in doubt, I&rsquo;d rather be wrong based on what I think the answer is, to any decision, than right, based on other people&rsquo;s inputs. Not that I won&rsquo;t take other peoples&rsquo; inputs and try to get smarter about a situation.</p>

<p>Young entrepreneurs tend to get in over [their] head very quickly, that&rsquo;s the nature of starting things. When you&rsquo;re in over your head, it&rsquo;s very natural to look around and ask, &#8220;What should I do?&#8221; That&rsquo;s why you bring on investors and advisers. And that&rsquo;s critical. But where the mistakes happen is when lots of well-meaning people who have lots of experience and knowledge give you advice. And you let that override your gut. That&rsquo;s when you lose that authenticity. The mission. The directive. Or the product veers in a way you wouldn&rsquo;t if left to your gut.</p>
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