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Mic (media company)
Mic (Formerly PolicyMic) is a media company focused on news for a generation known as the "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".
==History==
PolicyMic was founded in 2011 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 writers, editors and contributors".
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