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Thought-provoking article and interesting story in of itself. I can't help but think that this is just a VC-funded version of traditional media, where the # of
by corry 5y ago
Thought-provoking article and interesting story in of itself.
I can't help but think that this is just a VC-funded version of traditional media, where the # of "sufficiently talented" people (i.e the supply) vastly outstrips the number of full-time well-paying positions (the demand), and therefore creates a massive power disparity in the labor market. Most employers will operate in a way like this because they can.
What's surprising here is that we'd think of podcasting as new media. Why would really talented people work for Gimlet vs. trying to get their own shows off the ground?
Financial security is probably the only reason. In fact, it's cited as THE reason this guy went to Gimlet both times. Holding his nose both times. Even the 2nd time, knowing what the company was.
So let's talk about Substack. (Didn't you know? All discussions of online media MUST go back to Substack these days).
This is why Substack is genius. Give the producers more direct access to monetizing their creative efforts. Even give the most promising ones an advance on their efforts to create some short-term financial security so they can do their thing. Let the talented people control their output and business.
Otherwise, in markets where labor vastly outstrips demand, you are fodder for the people with sufficient resources/capital to take the chance. And minority / disadvantaged folks are more at prey to it.