Substack At Half A Million Subscribers

Another interesting case of the for-free world trying to get into the paid world is Substack, a platform for paid newsletters.

Substack now claims half a million paying subscribers and has raised a $65m round at a $650m valuation. Question is if they can build enough of a critical mass of writers and subscribers that it has network effects, justifying its 10% cut. And generally speaking, can this scale? To how many $10 a month newsletters will you subscribe in the future?


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