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Huh!
— Flag Smasher (@EoinHiggins_) March 30, 2021
I wonder if there's any correlation between this news and how Andreessen's least favorite NYT journalist gets dogpiled by Substack writers and their followers every few weeks.
Probably not. https://t.co/12MgfkPui7
Alt hed: Andreessen continues to try to undercut legacy media orgs. https://t.co/whuTmfAsCQ
— Lucas Shaw (@Lucas_Shaw) March 30, 2021
I'm not really that bright, so I may be missing something, but I fail to see how a newsletter company is worth $650 million, unless they are going to start taking a bigger cut or increasing lock-in somehow https://t.co/OMfWlYOzd5
— Mathew Ingram (@mathewi) March 30, 2021
This is an excellent 10 minutes with Boz on the topics of security, privacy and trust with your #VR data. This is worth watching and understanding that the goals of VR are human and societal improvement and not another way to abscond with your data. https://t.co/yfxFEX3Iva
— Justin Rogers - Quest 2, lighter, better, $299 (@JustRogDigiTec) March 30, 2021
yeah 0.65 billion dollars for a mid tier blogging website seems like a reasonable valuation https://t.co/GkS3CCAKkq
— meme based in-joke (@MenshevikM) March 30, 2021
I'm really glad to see more efforts from @FBRealityLabs & @boztank to start a public conversation about some of the ethical & privacy implications of augmented & virtual reality.
— Kent Bye VoicesOfVR (@kentbye) March 30, 2021
Look for me to dig into some of the low-level specifics + contextual & relational dynamics here soon. https://t.co/kVK0fLxqAE
Substack is reportedly raising $65 million at a $650 million valuation.
— Edwin Dorsey (@StockJabber) March 30, 2021
WAY, WAY too low IMO. https://t.co/m2CY3sxjp2
You're welcome. https://t.co/nT1xY2bgbq
— Matthew Yglesias (@mattyglesias) March 30, 2021
You don't have to make money or make people happy, you just have to impress the people who run things https://t.co/Jd0QqJAjWE
— mcc (@mcclure111) March 30, 2021
A yikes from me, Bos.
— Alexandria Heston (@ali_heston) March 30, 2021
Just because Facebook is aware of its problems doesn't mean it's actually going to enact change when it's antithetical to its bottom line. In fact, these issues are still up for debate today on already established "flat" platforms.https://t.co/lXWZJ4aBse https://t.co/Bv5mKxXoRf
The newsletter boom is taking off, but some of Substack's practices have become controversial, including who it chooses to pay directly and its relatively loose content moderation policies.
— Shawna Chen (@shawnarchen) March 30, 2021
from @imkialikethecar and @danprimack https://t.co/HmemuGhAUs
congrats i guess, but as a regular user of substack this fills me with dread... $65M of vc money means the company needs to succeed in a very specific way or it will be acquired and/or sunsetted at some point. i love tech, but at this point vc money into my fav products scares me https://t.co/N8c1618yju
— K. Mike Merrill (@kmikeym) March 30, 2021
that's a heckuva valuation https://t.co/Z82EO9kLwT
— Jonathan Swan (@jonathanvswan) March 30, 2021
Substack announces $65 million in new funding, promises major investment in writers including, "more fellowships, grants, mentorship programs, educational resources, events." https://t.co/4wxDr53X4h via @SubstackInc
— Alex Kantrowitz (@Kantrowitz) March 30, 2021
Announcement:
— Andrew Chen (@andrewchen) March 30, 2021
A16z is leading Substack’s $65M Series B! This is one of my favorite startups on many levels, as a writer/author. I’m proud to be an investor ?
The funding will be used to provide deeper value for writers on the platform. Details:https://t.co/EVE8SxhMWG
Medium had $35 million in revenue from 700,000 subscribers but was like nah, not enough for us, time to reboot again. https://t.co/QYAn4Kp4ix
— Aaron Huertas (@aaronhuertas) March 30, 2021
Substack wrote a little bit about what it plans to spend its new $65 million investment on. The most eye-catching item on here is "investing in initiatives to support local news and reporting." https://t.co/lmkWFlxBy2
— Simon Owens (@simonowens) March 30, 2021
substack is going to provide “editing services” but no, they are absolutely not a publisher, pease stop asking https://t.co/rYNkk2DD5L
— Kyle Chayka (@chaykak) March 30, 2021
Your favorite/least-favorite newsletter tool is now worth $650 million. https://t.co/tctKpM39Mc
— Peter Kafka (@pkafka) March 30, 2021
"when will a16z launch that journalism effort they talked about?" https://t.co/575dhdLgbA pic.twitter.com/AS7dP1RhYW
— ???☕️ (@hunterwalk) March 30, 2021
Why didn't this break on Substack? https://t.co/YCzRdj0oIl
— Katie Roof, mask wearer ? (@Katie_Roof) March 30, 2021
Page me if (when?) they up their fee to 20-30% and start making it difficult to export your subs lists. Because that kind of Vc money comes W a lot of strings and growth goals https://t.co/9JNzgrQnYH
— Alex B ? (@somospostpc) March 30, 2021
Fascinating that both Clubhouse and Substack both go all-in on Andreessen Horowitz
— Eric Newcomer (@EricNewcomer) March 30, 2021
I guess you could say that the recent petulant little boycott wasn't a smashing success. https://t.co/YPWurUpUEB
— Glenn Greenwald (@ggreenwald) March 30, 2021
This interview last night with @boztank (VP of Reality Labs at Facebook) & @emilychangtv is one of the best about #AugmentedReality & #VirtualReality I've seen that anyone can easily understand.
— Ian M Calvert (@IanMCalvert) March 30, 2021
Emily got Andrew to explain #AR & #VR's future in such simple terms for everyone https://t.co/jvrK903TGO
How much do you think @Twitter acquired @revue for? Surely less than $650M, right? ?https://t.co/UPb9YkfaW8#CreatorEconomy #PassionEconomy
— ⌗ChrisMessina (@chrismessina) March 30, 2021
marc andreessen unblock me bitch https://t.co/12XWLN3xbC
— Ashley Feinberg (@ashleyfeinberg) March 30, 2021
I don't really understand why Substack needs so much in VC money now. It seems like the type of company that shouldn't try to scale very fast.https://t.co/TdexImCkko
— Jacob Shamsian (@JayShams) March 30, 2021
I love that A16Z makes big bets on things that have promise but could still easily go to the VC equivalent of zero. Is there a more risk-seeking firm at the stage? https://t.co/t4a96fbpG9
— parker (@pt) March 30, 2021
Substack is becoming a weird hybrid of tech platform, book publisher, and VC: https://t.co/I6H5fWlrFG
— Megan McArdle (@asymmetricinfo) March 30, 2021
I don't know if it will work, but it's going to be fascinating to watch!
Marc — my inbox is open, brother. Skate Grantland. Let’s lose some money together. https://t.co/JfdcH3Xpo0
— willy ? (@willystaley) March 30, 2021
Is Substack really worth $650M? (read @alex's thoughts: https://t.co/NhneDEBQjb)
— Extra Crunch (@ExtraCrunch) March 30, 2021
this from @danprimack is good https://t.co/Jy5VtErGzs
— alex (@alex) March 30, 2021
My thoughts on Substack, Andreessen Horowitz and worrisome text messages https://t.co/loW1FMors7
— Dan Primack (@danprimack) March 30, 2021
Unpacking what Substack's VC funding round means for media https://t.co/N9IREecZCa
— Axios (@axios) March 30, 2021
米ニューズレター配信サービスのSubstack、Andreessen Horowitzをリード投資家として6,500万ドルを資金調達（時価総額は6億5,000万ドルとされる）。同社公式ブログでその投資（支出）計画を説明。ニューズレターを始める執筆者のリスク軽減を筆頭策を筆頭に掲げる｜https://t.co/iQ1rfeM0h1
— 藤村厚夫 (@afujimura) March 30, 2021
Substack announces $65 million in new funding, promises major investment in writers including, "more fellowships, grants, mentorship programs, educational resources, events." https://t.co/4wxDr53X4h via @SubstackInc
— Alex Kantrowitz (@Kantrowitz) March 30, 2021
An interesting pivot in Substack’s spiraling defense against charges that it provides a financial safe haven for transphobes. Details remain scarce, but I suspect they’ll be reaching out with deals to try and keep certain writers from leaving the platform. https://t.co/1q3vDEcMBo
— I’m Gary (@imgarysuarez) March 30, 2021
?Newsletter platform Substack Inc has raised $65 million in a funding round led by Andrew Chen of venture capital firm Andreessen Horowitz https://t.co/2SZnsOnegP
— ETtech (@ETtech) March 30, 2021
Me, getting a self-congratulatory email from Substack on how they're investing in writers. https://t.co/1QYpOGjkOM
— Aliette de Bodard (@aliettedb) March 30, 2021
*Side-eye*
??Substack、シリーズBでa16zから6500万ドル調達
— Lisa????INITIAL (@LisaFujino) March 30, 2021
作家/ライター/ジャーナリスト向けのサブスクプラットフォーム✍️
YC出身、a16zはシリーズAに次ぐ追加出資
キャピタリストはAndrew Chenさん
創業者もジャーナリスト出身、書き手を大切にするカルチャーがあり大好きな会社https://t.co/a6kJ1iusFY