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The Founder of Flickr and Slack on the Psychological Torture of Selling Too Early

Stewart readily admits he sold Flickr too early.

“If we had waited six months we would have made much more money. If we had waited a year we would have made 10 times more money,” he says. He regrets it now. But at the time, after the dotcom crash, the Nasdaq plummet, and September 11, deals just weren’t happening. All his advisers and investors told him to go for it. It was hard to know what to do.

In the wake of WhatsApp (a $19 billion sale to Facebook) and Beats ($3 billion to Apple) and even Instagram (a lousy $1 billion, Facebook again), $22 million now seems like the kind of money you dig out of your wallet to give a stranger at the bus stop. But for the team at Flickr, it was life-changing. Slack, on the other hand, is looking at something more like first class airfare.

Such temptations aren’t easy to resist. “We could sell it right now for a billion dollars,” Stewart says, and then shakes his head like he’s trying to wake up from a weird dream. “Which sounds fucking mental. But the thing is, those options aren’t going to go away.”

He admits that if the right offer comes along, the kind of offer that only three or four companies in the world could come up with, he would have to jump. But what is that? Five billion? Seven? Ten? It’s hard to know, because in Silicon Valley today, money has lost all meaning and value.

Mat Honan, in Wired, on Flickr cofounder Stewart Butterfield, whose newest startup, Slack, is taking off.

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Photo: kk, Flickr

Sex Without Fear

Longreads Pick

The effect an HIV-treatment pill is having on the gay community: “For some men, Truvada’s new use seems just as revolutionary for sex as it is for medicine. ‘I’m not scared of sex for the first time in my life, ever. That’s been an adrenaline rush,’ says Damon L. Jacobs, 43, a therapist who has chronicled his own experience with the drug on Facebook so enthusiastically that some assume Gilead, the drug’s manufacturer, must be paying him.”

Author: Tim Murphy
Published: Jul 13, 2014
Length: 19 minutes (4,899 words)

State of the #Longreads, 2014

Lately there has been some angst about the state of longform journalism on the Internet. So I thought I’d share some quick data on what we’ve seen within the Longreads community: Read more…

What Happens When the Internet Takes Over Your Home: Virus Edition

I wake up at four to some old-timey dubstep spewing from my pillows. The lights are flashing. My alarm clock is blasting Skrillex or Deadmau5 or something, I don’t know. I never listened to dubstep, and in fact the entire genre is on my banned list. You see, my house has a virus again.

Technically it’s malware. But there’s no patch yet, and pretty much everyone’s got it. Homes up and down the block are lit up, even at this early hour. Thankfully this one is fairly benign. It sets off the alarm with music I blacklisted decades ago on Pandora. It takes a picture of me as I get out of the shower every morning and uploads it to Facebook. No big deal.

I don’t sleep well anyway, and already had my Dropcam Total Home Immersion account hacked, so I’m basically embarrassment-proof. And anyway, who doesn’t have nudes online? Now, Wat3ryWorm, that was nasty. That was the one with the 0-day that set off everyone’s sprinkler systems on Christmas morning back in ’22. It did billions of dollars in damage.

Mat Honan, in Wired, with a fictional account of living in the internet-connected home of the future.

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More Wired in the Longreads Archive

Photo: jonathan_moreau, Flickr

Making the Magazine: A Reading List

Magazine nerds, here we go: A starter collection of behind-the-scenes stories from some of your most beloved magazines, including The New Yorker, Time, Entertainment Weekly, Cosmopolitan, Vanity Fair and the New York Review of Books, plus now-defunct publications like Might, George, Sassy and Wigwag. Share your favorite behind-the-magazine stories with us on Twitter or Facebook: #longreads. Read more…

A Search for the ‘Defensive Player of the Year’ from Humans of New York

Longreads Pick

Why Humans of New York is so beloved: A writer for Sports Illustrated sees a photo of an anonymous construction worker who was once a “Defensive Player of the Year.” He goes searching for the person:

The picture of Mr. Defensive Player of the Year sparked varied, frenzied, often contradictory reactions. Some saw work ethic; others laziness. Some saw certain retired NFL players. Some saw a fallen, humbled star; others, a depressed, older man; still others, a proud husband or father, a provider, a man who made the most of whatever happened to him.

“His hands and his boots look rough, worn and used. My husbands hands and boots look the same way. I know how physically hard you have to work to accomplish that. Back breaking, knuckle busting. Day after day.”

“ … then I tore my ACL.”

“This looks like my cousin!”

“Love the composition – a football player on the bench.”

From one photo, all of that.

Published: May 30, 2014
Length: 8 minutes (2,051 words)

The Good Girls Revolt

Lynn Povich | The Good Girls Revolt, Public Affairs | 2012 | 14 minutes (3,368 words)

 

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“Editors File Story; Girls File Complaint”

On March 16, 1970, Newsweek magazine hit the newsstands with a cover story on the fledgling feminist movement titled “Women in Revolt.” The bright yellow cover pictured a naked woman in red silhouette, her head thrown back, provocatively thrusting her fist through a broken blue female-sex symbol. As the first copies went on sale that Monday morning, forty-six female employees of Newsweek announced that we, too, were in revolt. We had just filed a complaint with the Equal Employment Opportunity Commission charging that we had been “systematically discriminated against in both hiring and promotion and forced to assume a subsidiary role” simply because we were women. It was the first time women in the media had sued on the grounds of sex discrimination and the story, irresistibly timed to the Newsweek cover, was picked up around the world:

• “‘Discriminate,’ le redattrici di Newsweek?” (La Stampa) “Newsweek’s Sex Revolt” (London Times)
• “Editors File Story; Girls File Complaint” (Newsday)
• “Women Get Set for Battle” (London Daily Express)
• “As Newsweek Says, Women Are in Revolt, Even on Newsweek” (New York Times)

The story in the New York Daily News, titled “Newshens Sue Newsweek for ‘Equal Rights,’” began, “Forty-six women on the staff of Newsweek magazine, most of them young and most of them pretty, announced today they were suing the magazine.”

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The Top 5 Longreads of the Week

Below, our favorite stories of the week. Kindle and Readmill users, you can also get them as a Readlist.

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The Brutal Ageism of Tech

Longreads Pick

Scheiber meets founders and VCs who are fighting back against age bias in Silicon Valley:

Silicon Valley has become one of the most ageist places in America. Tech luminaries who otherwise pride themselves on their dedication to meritocracy don’t think twice about deriding the not-actually-old. “Young people are just smarter,” Facebook CEO Mark Zuckerberg told an audience at Stanford back in 2007. As I write, the website of ServiceNow, a large Santa Clara–based I.T. services company, features the following advisory in large letters atop its “careers” page: “We Want People Who Have Their Best Work Ahead of Them, Not Behind Them.”

And that’s just what gets said in public. An engineer in his forties recently told me about meeting a tech CEO who was trying to acquire his company. “You must be the token graybeard,” said the CEO, who was in his late twenties or early thirties. “I looked at him and said, ‘No, I’m the token grown-up.’ ”

Published: Mar 23, 2014
Length: 28 minutes (7,020 words)

Experiences of Black Americans: A Reading List

As a white woman, my role in conversations about race is to listen and learn. This week, I wanted to include pieces about empowerment, stereotypes and intersection in the realm of race. One reading list cannot encompass the vast array of experiences of black Americans; this is not meant to be exhaustive. Send me your suggestions, if you’d like. Or comment below.

1. “The Myth of the Absent Black Father.” (Tara Culp-Ressler, ThinkProgress, January 2014)

Black dads are indisputably present and involved in the lives of their children. Don’t believe the stereotypes spewed by the media, or insinuated by President Obama, or written in all caps on Facebook by your Tea Party neighbor.

2. “The Impossibility of the Good Black Mother.” (Tope Fadiran Charlton, Time Magazine, January 2014)

Charlton relates the struggles and stereotypes of being a young, black mother in predominantly white spaces: “The curiosity that strangers are so often eager to satisfy when they see me with my daughter is profoundly shaped by stereotypes of Black womanhood. Am I the babysitter? The nanny?”

3. “Growing Up Black in the Whitest City in America.” (Mitchell S. Jackson, Salon, March 2014)

Historically, Portland’s black population has not exceeded 5%. What this means, writes Jackson, is gang warfare inevitably claims the lives of people you know intimately.

4. “I Am, I Am, I Am: Writing While Black and Female.” (Vanessa Willoughby, The Toast, January 2014)

Willoughby slays in this wonderful piece about identifying as a black, female writer in a white-dude-dominated industry. She’s working on a novel, and if this incisive, insightful essay is any indicator, you won’t be able to miss her.

5. “Homeward Bound: Searching for the Island of Black Queer Mixed Femmes.” (Kim Katrin Crosby, Autostraddle, December 2013)

“I have always been a traveler, particularly as an immigrant and as a person with family hailing from Venezuela to Dominica to South India, ‘home’, ‘family’ and ‘belonging’ have always been complicated concepts. But as femme genius Yumi Tomsha says, we mixed folks are ‘layers, not fractions.’ These complications find their solace in my bones, my laugh, my irreverent queerness and my sensitive stomach without even trying.”

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Image from “The Residue Years” Documentary By Mitchell S. Jackson

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