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I apologize if the answer is obvious, but could someone explain to me the rationale behind a blogging platform taking 132M in venture funding? This isn't criti
by Gaessaki 10y ago
I apologize if the answer is obvious, but could someone explain to me the rationale behind a blogging platform taking 132M in venture funding?
This isn't critique of their strategy or anything. I'm genuinely curious as to why they would do that. I'm sure their engineering is great, but does it really take that much money to build and scale such a product? It seemed like most of their marketing was organic too. I'm just trying to understand the situation better.
- jkestner 10y agoThey've paid a lot of money to have their own content created. For example, https://backchannel.com https://backchannel.com
- Gaessaki 10y agoSo they outright paid content creators and writers? It seems that Backchannel is owned by Wired/Conde Nast. Have they contracted them to keep Backchannel publishing on Medium?