Explaining a16z's Investment in Substack

Focused, quality-obsessed publications will take advantage of bundle economics to collect “stars” and monetize them through some combination of subscriptions (less likely) or alternate media forms. Said media forms, like podcasts, are tough to grow on their own, but again, that is what makes them such a great match for writing, which is perfect for... See more

For example, the next writing platform I am paying close attention to these days is Substack. Substack is aiming to be the “social” writing platform for paid newsletters. The reason I say “social” is because, unlike true social platforms where the purpose is to browse and scroll, Substack actually operates much closer to a tool for writers rather t

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