• $132 million later, Ev Williams says he is raising even more money for Medium

    7 days ago - By Business Insider

    Ev Williams needs more money for Medium , which he says is still not profitable.
    Medium has received $132 million from investors so far.
    "We are coming out of this phase where it was assumed that the best quality journalism is free in unlimited quantities," he said.
    LISBON - Ev Williams, the Twitter cofounder who has so far raised $132 million in investment for his longform publishing platform Medium , says the company is still not profitable and he will be raising more money.
    The announcement - made today at the Web Summit tech conference in Lisbon - will raise eyebrows because Medium is...
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