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Mic (media company)

Mic
Available in English
Founded 2011; 6 years ago (2011) (as PolicyMic)
Headquarters New York City, New York, U.S.
Founder(s) Chris Altchek
Jake Horowitz
Slogan(s) "Rethink the World."
Website mic.com
Alexa rank Decrease 3,766 (February 2017)
Registration Optional
Current status Active

Mic is a media company that targets millennials. The company reaches 19 million unique monthly visitors and has a higher composition of 18- to 34-year-old readers than any other millennial-focused news site, including BuzzFeed and Vice.

Mic received early attention for its on-the-ground coverage during the revolution in Tunisia, and The Hollywood Reporter remarked that Mic features "stories that intelligently cover serious issues important to young people".

Mic was founded in 2011 as PolicyMic by Chris Altchek and Jake Horowitz, two high school friends from New York. Since then, they have raised $15 million from investors, including Jim Clark, the founder of Netscape, who said that Altchek and Horowitz "remind me of my younger self". Other investors include Lightspeed Venture Partners, Lerer Ventures, Advancit Capital, Red Swan Ventures, and The John S. and James L. Knight Foundation. In 2014, PolicyMic announced they would re-brand their organization to target millennials, and renamed themselves as "Mic". The company will not disclose its valuation. According to The New York Observer, Mic currently does not make a profit and "is in the increasingly rare habit of actually paying each one of its contributors". On March 2016, Mic acquired Hyper, as well as the developer, AntiHero.

Mic features eight different sections: News, Policy, World, Arts, Music, Science, Connections, and Identities.Forbes wrote that Mic is "closer than any of its competitors to finding the promised land for new media companies, a middle ground between deeply reported stories and listicles".

In 2015, Mic launched "MicCheck", an iPhone app with a "curated stream of stories, from both Mic and other news sites". Mic's news director, Jared Keller, was fired in February 2015 after Gawker found various levels of plagiarism in 20 different passages of his work.


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