Evan Williams, the billionaire co-founder of Twitter, is trying to rethink online writing at his new start-up, Medium

MARCH 8, 2014, 2:00 PM  Comment

With Medium, Evan Williams Is Tackling the Future of Writing Online

By CLAIRE CAIN MILLER

image001-18Peter DaSilva for The New York TimesEvan Williams, the billionaire co-founder of Twitter, is trying to rethink online writing at his new start-up, Medium.

As a founder of both Blogger and Twitter, Evan Williams helped change the way people write online. Now, with his latest start-up,Medium, he is trying to figure out how we will write in the future.

Mr. Williams is still trying to figure out how else to describe his venture. Medium is for short posts and long ones, by amateur writers and professional ones. It emphasizes a clean design and relies on a network of writers and readers to edit and discover new posts.

Released in 2012 to a select group of users, it now receives 13 million unique visitors a month, Mr. Williams said Thursday at a dinner hosted by Fortune in Menlo Park, Calif. Next week, Medium will introduce an iPhone app for reading posts (but not yet for writing them).

After Mr. Williams left day-to-day operations at Twitter, where he is still a board member, he returned to thinking about writing and journalism. Fifteen years after he co-founded Blogger, which he sold to Google in 2003, it seemed that blogging platforms “considered that job done,” he said.

But there are a lot of things blogs don’t do well, he said, like filtering and promoting posts of interest to readers. And they can be time-consuming, requiring writers to choose backgrounds and formats and update their blogs regularly.

Mostly, it seems, he has been thinking about how to strike a balance between the old way of publishing, where professional editors were gatekeepers, and the new one, where anyone can post anything online.

“The way media is changing isn’t entirely positive when it comes to creating a more informed citizenry,” Mr. Williams wrote on Medium. “Now that we’ve made sharing information virtually effortless, how do we increase depth of understanding, while also creating a level playing field that encourages ideas that come from anywhere?”

Medium is different than blogging and tweeting in certain ways, evidence of how Mr. Williams has tried to grapple with this problem. For example, it pays some professional writers for posts, an effort to seed the site with high-quality pieces. And there are no comments at the end of posts. Instead, readers can leave notes tied to specific words or phrases, and writers choose whether those notes are public or whether to allow notes at all. Mr. Williams says this allows for more constructive feedback and conversations about ideas.

With a mix of algorithmic and human curation, Medium suggests other posts on the platform that people might like to read. Mr. Williams said on Thursday that he aims to eventually offer more personalized suggestions.

“This means your posts link to each other, your ideas bump into each other, and instead of living on an island somewhere out on the web, you’re part of a dynamic whole, where each part makes the others better, he wrote in his introduction of the platform.

Some of Medium’s features recognize that people often read more on their phones than on computers. Posts have an estimate of how many minutes they will take to read, and Medium automatically formats them for small screens.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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