We are happy to share that we are investing in Substack in a community round led by one of the earliest investors and writers on the platform,
.Exponential View was one of the earliest newsletters on the platform back in 2017. From the get-go, founders
made us feel confident that they had what it takes to build a newsletter platform for some of the best publications on the internet. We launched a proper subscription-first business that thousands of our members make possible. For a more detailed post about our journey with Substack, read this.Six years on, the promise of Substack is larger than any individual publication on the platform today. The creator economy made it possible for individuals to earn a living doing what they do well — write, perform, create podcasts or play video games — on the internet. It lifted many, many boats. Especially the winning boats. Winner-take-all dynamics of the creator economy are such that only 12% of full-time creators are making more than $50,…