substack, publishing The platform known for its newsletter service announced this week that it has crossed the 2 million paid subscription mark. Given the wealth of historical data on the growth of paying subscribers on Substack, we took note of this number.
Substack’s simple business model also allows us to generate some estimates of the company’s total trading volume and earnings.
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First, a little background. Substack’s first known outside funding came through the Y Combinator startup accelerator in January 2018. The company raised his $2 million seed round in April of the same year. From there, the startup’s ability to raise new funding accelerated rapidly, and Andreessen Horowitz announced that in mid-2019 he would lead his $15.3 million Series A at Substack, and in March 2021 he would It led a massive $65 million Series B.
