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This is Recode Media with Peter Kafka. That is me. I'm part of the Vox Media Podcast Network here in New York City.

If you like this show, please tell someone else. Thank you. Okay, that's my intro. This is Julia Angwin, who I've known for, we're going to date ourselves, at least a decade. Yeah, let's just go with a decade. You used to work at the Wall Street Journal. I was part of All Things D, which was journal adjacent. Then you, so we kind of competed. You were great, and how many of her Pulitzer's? I did not. You went to ProPublica. You were kicking

ass there, covering Facebook and all sorts of abuses by tech giants and others. And now you have

founded a new company called The Markup, which is a publication to be. Yes, it will begin

publishing news in early 2019. Congratulations.

Thank you.

You announced this week, there's a couple different ways to fund a new publication these days.

You can go ask people for money, actual consumers for money.

That's a lot of people who come on this show, talk about their paywall or subscription strategy.

You can find a very wealthy person to fund your company.

You guys went with Strategy B for now.

Yes, we did. To be clear, we went with the nonprofit philanthropic model. So it's 23 million? Yes.

Seed money? Good seed. 20 that's from Craig Newmark, who most of us know is Craig from

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