Sublime

There are many, many questions here. How do you fund this and incentivize contribution? Does this have a business model that can work? Who is the customer that wants this at scale? How is this different from many media startups today (like Axios or TheInformation)?

They wanted 30 percent of the company, which would value us at $1 million. It was an intense negotiation; I threatened to go to the other VCs if they didn't pony up the money. We finally settled on a 15 percent split with them and they valued the company at $2 million post money. But they'd put in a right of first refusal. Since I was a young entre

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Oh yeah, because venture capitalists are putting more money into a smaller number of deals, they have fewer people calling them and fewer deals to negotiate. As a reward for doing less than angel investors, they get paid more by placing a small number of bigger bets and have the management fee teat to suckle on. These management fees are an advance

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Armed with a $15.3 million Series A financing by Andreessen Horowitz and plenty of pre-financing traction, Substack has the potential to leverage one of two opportunities. The likely path forward is an organic approach to local media entreprenuers scaling their own region-based media operations, likely competing with other entrepreneur-journalists ... See more

MainStreet is DoNotPay for startups.

“That’s a post-money valuation of one hundred fifty to one hundred seventy-five million, depending on how much we raise.” I was worried that this price was unrealistic, and that the offering might not fly when it hit the street. “I just can’t see how our business plan supports that valuation,” I said. “It’s enough to make a sane investor toss his c

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