Image for post
Image for post

What Can Media Companies Learn from Tech Startups?

Gyst Audio
Mar 18, 2019 · 6 min read
Image for post
Image for post
Photo by Burak K from Pexels

Cut To: Five Years Later

On January 23, 2019, Buzzfeed announced it would lay off 15 percent of its employees after annual returns fell short of investor expectations. On the same day, Gannett cut 400 jobs and Verizon—owners of The Huffington Post, Yahoo, and AOL—cut 800.

Going for Broke—and Getting There

Investing in your company is a requirement for growth, but over-investing, expanding to an unsustainable scope in the name of finding what works at the expense of your workforce as you “right size” later on, is a choice.

Learning Lessons from Tech

Media companies are newer additions to VC portfolios, but tech startups have long been a favorite of VC firms looking to multiply their investment by backing a unicorn or getting in early with a fledgling company that will appreciate in value and result in a quick sale.

Bottom Line? Don’t Go Too Big Too Fast

Raising funds for growth isn’t inherently a bad idea. But going too big too fast can backfire. Companies that suddenly find themselves with enough capital to try more than they ever imagined can stay strategic by sticking to the mission.

Data Driven Investor

from confusion to clarity not insanity

Sign up for DDI Highlights

By Data Driven Investor

In each issue we cover all things awesome in the markets, economy, crypto, tech, and more! Take a look

Create a free Medium account to get DDI Highlights in your inbox.

Gyst Audio

Written by

Helping publishers monetize their content through audio. Find out more at GystAudio.com

Data Driven Investor

from confusion to clarity not insanity

Gyst Audio

Written by

Helping publishers monetize their content through audio. Find out more at GystAudio.com

Data Driven Investor

from confusion to clarity not insanity

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store