[js2]

Which raises the question: Why is Williams taking outside capital at all?

Williams, in an interview earlier this week, cited a few reasons: As Medium scales, taking money from multiple investors is a signal of long-term thinking and diversification to the company’s employees; and the more parties that have a stake in Medium outside of Williams, the more they have a stake in the company’s success.

[dclara]

That's really true. Even if the company has sufficient fund to run by itself, it still needs to go for VC and IPO in order to attract more users, more talent and have a secure exit.