It shows great confidence in their ability to find paying readers that aside from Substack’s VC money they also borrowed $4 million to pay themselves. They don’t need an office, printing and distribution, or a sales team and Substack provides and maintains all the IT infrastructure (maybe one admin assistant / bookkeeper).
It shows great confidence in their ability to find paying readers that aside from Substack’s VC money they also borrowed $4 million to pay themselves. They don’t need an office, printing and distribution, or a sales team and Substack provides and maintains all the IT infrastructure (maybe one admin assistant / bookkeeper).
And most of the contributors have other jobs.