This is a principle thing: There are a lot of companies pouring money into long-form storytelling right now, which is great, but in many cases, there’s no real model backing it up. That creates a high-turnover, boom-and-bust atmosphere for sites. Are we going to have to keep relying on VC funding from billionaires to feed us these stories forever?
I believe that reader-generated, recurring subscriptions are critical for ensuring quality storytelling on the internet for many years to come.
I did a 60-second interview with Capital New York about the Longreads Member and WordPress.com digital story fund, and where we’re heading with originals.
Leave a Reply