Mullenweg on Medium and the open web

Matt Mullenweg comments on whether choosing Medium is a good long-term bet:

In making the decision to hitch their horse to Medium’s wagon while fording a river, they’re probably betting on Medium not going out of business, which I agree there’s only like a 10% chance of happening. However I think there is a 97% chance that Medium’s business model will change in the future because the path they’re on and these publishers are dependent on will not sustain their current costs or the investment they’ve raised.

10% chance of going out of business compares poorly to Matt’s Automattic itself, which as I’ve written about before is one of only a couple web publishing companies that I think could last 100 years. If your goal is to write something that many people can read for years to come, why risk it on an uncertain platform?

There’s a longer video interview with Matt from WordCamp Europe last month, where he goes into more detail on the role of Medium and WordPress. Highly recommended if you’re interested in the open web, or just curious how progress is made in the WordPress community.