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The huge TAM of fake breaded chicken bits

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

We’re closing our survey soon, so this is your last chance (probably) to get your voice heard!

Despite it being a short week, as always, it was a busy, busy time. We had Grace on the dials today, and Danny, Natasha and Alex making chit-chat about the tech world. As with every week this year, we had to cut and cut and cut to get the show down to size. Here’s what made it in in the end:

Thanks for hopping along with us this week and every week. Quick programming note: Natasha will take Alex’s spot on the Monday show for next week since he’s out, so be nice, and send her stuff to mention.

Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday morning at 7:00 a.m. PST, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

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Medium acquires social book reading app Glose

Medium is acquiring Paris-based startup Glose for an undisclosed amount. Glose has been building iOS, Android and web apps that let you buy, download and read books on your devices.

The company has turned reading into a multiplayer experience, as you can build a bookshelf, share notes with your followers and start conversations in the margins. Sure, there are social platforms that let you talk about books, such as Goodreads. But Glose’s differentiating point is that the social features are intrinsically linked with the reading features — those aren’t two separate platforms. There are also some gamification features that help you stay motivated as you read difficult books — you get streak rewards for instance.

In many ways, Glose’s one-tap highlighting and commenting features are reminiscent of Medium’s features on this front. You can highlight text in any reading app on your phone or tablet but you can’t do much with it.

More recently, Glose has launched a separate service called Glose Education. As the name suggests, that version is tailored for universities and high schools. Teachers can hand out assignments and you can read a book as a group.

More than 1 million people have used Glose and 25 universities have signed up to Glose Education, including Stanford and Columbia University.

But Glose isn’t just a software play. The company has also put together a comprehensive bookstore. The company has partnered with 20,000 publishers so that you can buy e-books directly from the app.

And if you are studying Virginia Wolf this semester, Glose also provides hundreds of thousands of public domain books for free. Glose also supports audio books.

This is by far the most interesting part, as Medium now plans to expand beyond articles and blogs. While Glose is sticking around for now, Medium also plans to integrate e-books and audio books to its service.

It’s a smart move, as many prolific bloggers are also book writers. Right now, they write a blog post on Medium and link to a third-party site if you want to buy their books. Having the ability to host everything written by an author is a better experience for both content creators and readers.

“We’re impressed not only by Glose’s reading products and technology, but also by their experience in partnering with book authors and publishers,” Medium CEO Ev Williams said in a statement. “Books are a means of exploring an idea, a way to go deeper. The vast majority of the world’s ideas are stored in books and journals, yet are hardly searchable nor shareable. With Glose, we want to improve that experience within Medium’s large network of engaged readers and writers. We look forward to working with the Glose team on partnering with publishers to help authors reach more readers.”

The Glose team will remain in Paris, which means that Medium is opening its first office outside of the U.S. Glose will continue to honor its partnerships with authors, publishers, schools and institutions.

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Looks like Medium is testing a way to save articles across the web

Medium seems to be building a tool to save and reformat online articles for future reading.

That’s according to Jane Manchun Wong, a reliable source of scoops on unreleased features. Wong said she spotted this one by reverse engineering Medium’s Android app and monitoring network traffic.

The “Save to Medium” feature appears to scrape web pages, then create a new, unlisted story on Medium. If deployed, it would mean Medium becomes not just a publishing platform, but also a product like Instapaper, which you could use to read content from around the web.

It also involves stripping the content of the publisher’s ads and moving it out from behind their paywalls. That doesn’t sound too different from existing reader apps — in the experience of other TC writers, Instapaper and Pocket can get around paywalls, albeit inconsistently — but Wong argued that it could be a more complicated situation for Medium, as it’s a publisher itself and operates a subscription paywall of its own. (The company was founded and led by Ev Williams, who’s pictured above.)

Medium is working on “Save to Medium”

This could turn Medium into a reader app

I wrote about my thoughts and security analysis: https://t.co/yZNLsthPsD pic.twitter.com/doNwpLplcB

— Jane Manchun Wong (@wongmjane) September 5, 2019

Still, Wong also noted that the feature is likely to evolve before it’s actually released, and she said, “If I may suggest, there are many ways for the media and news publishers to collaborate. Blocking Medium’s ‘Save To Medium’ scraper from accessing the site should be the last resort.”

When asked about this, Medium sent the following statement from Vice President of Product Michael Sippey: “Nothing to talk about now, but we’re always experimenting with ways to bring great reading experiences to Medium users.”

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Medium acquires Talkshow Industries, with CEO Michael Sippey becoming Medium’s head of product

 Medium has a new head of product, while the startup behind the defunct texting app Talkshow appears to be done for good. Talkshow Industries was led by Michael Sippey, who’d spent two years as vice president of product at Twitter. The company’s first product was the Talkshow app, which allowed you to follow other users’ text message conversations. Read More

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Medium lays off 50 employees, shuts down New York and D.C. offices

Medium CEO and Twitter co-founder Ev Williams. It’s not the happiest new year at social publishing platform Medium, apparently.
According to a blog post from its CEO Ev Williams, also co-founder of Twitter, the well-funded startup is laying off 50 employees in non-engineering roles and shuttering its offices in New York and Washington, D.C.
Williams took the rosiest possible angle on changes happening at Medium, titling his… Read More

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Evan Hansen departs Medium to become editor in chief at Periscope

medium-logo More changes at publishing platform Medium: Evan Hansen, who’s been overseeing the company’s editorial strategy, is departing. Hansen joined Medium three years ago. (He was previously editor in chief at Wired.com.) His role has been described variously as senior editor, editorial director and head of content labs. Looks like he’s sticking with the theme of leading editorial at… Read More

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Medium raises another $50M

medium-logo Medium, the online publishing platform led by Twitter co-founder Ev Williams, just announced that it has raised $50 million in Series C funding. It’s been less than a year since Medium raised a $57 million Series B, but Williams wrote that the company decided to raise additional funding “to bolster our resources now given the demand we’ve seen for the vision we are… Read More

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Pocket Wants You To Read Ads Later Too

Pocket Founder Nate Weiner But these aren’t the crappy click-bait you see below lots of blog posts. “We’re being very choosy” Pocket founder Nate Weiner tells me. “We don’t want this to become the bottom of the barrel content.” If Pocket can convince users that these articles would be worthy of appearing in its app even if it wasn’t sponsored, it could become the home for… Read More

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Secret Co-Founder David Byttow Preps New Enterprise Startup After Stint At Medium

david-byttow3 Though his last startup flamed out, Secret co-founder David Byttow is ready to take another shot alongside former Secret designer Ben Lee. TechCrunch has learned the new startup will be in the enterprise space and won’t be based around anonymity. An image attained by TechCrunch shows Byttow told Facebook friends late last week that he’d been working at Medium on its upcoming October… Read More

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Blogging Platform Medium Takes A Firmer Stance On Harassment And Revenge Porn

medium-logo It’s time to clean up the Internet, apparently. Blogging platform Medium this week joined Google and Microsoft, as well as other social platforms including Twitter, Facebook, and more recently Reddit, in taking a firmer stance on how it will handle online harassment, including the posting of confidential and personal information and revenge porn. Read More

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