4 ms·
It's a common story. A product is great. The company providing the product raises lots of money. Investors want a return on their investment and the founders
by nostromo 4y ago
It's a common story.
A product is great. The company providing the product raises lots of money.
Investors want a return on their investment and the founders want a big payday. So the company starts adding lots of features to increase sign-ups, conversions, and revenue.
But these features often poison the user experience. Even as numbers go up in the near-term, the product withers and dies as users eventually defect.
Companies with a moat can get away with this, like Reddit and YouTube, at least for a while. Medium had no real moat, so users left.
- slymerson 4y agothat's very true
- paxys 4y agoExactly this. Medium was great at what it did, but having raised $160M+ in funding and being valued at several billion dollars they simply could not continue to be a simply blogging platform while also making enough money to keep investors happy. And all their bets to become profitable just ended up alienating their users and writers.
- tonystubblebine 4y agoNever had a valuation that high.
- wkat4242 4y agoYouTube has become pretty bad IMO.. All the ads and Google data mining. Without a suite of adblockers and sponsorblock it's unusable now. I hate video content anyway so I wouldn't sign up for a subscription. But every time I get referred there I'm appalled how bad it's become.