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While I appreciate the value that Medium has provided, I'm unclear how its product could take $132 million dollars to create. Could someone elucidate me?
by WalterSear 10y ago
While I appreciate the value that Medium has provided, I'm unclear how its product could take $132 million dollars to create. Could someone elucidate me?
- markbnj 10y agoI don't have any inside knowledge but it probably didn't take that much to _create_ the product. They're getting rid of 50 positions described as mostly business and sales, so they obviously have built up some costs around pursuing whatever revenue sources they thought they were after.
- WalterSear 10y agoAh, yes. So, it may not have been the product that cost $132 million, but the spectacularly underwhelming monetization strategy.
- batbomb 10y ago75 people employed for 4 years at ~$200k/head + rent in the heart of SF for 4 years at Market and O'Farrell + Amazon + ...
- WalterSear 10y ago>75 people employed This just shifts the question down the resource pipeline :)