Substack

Substack is a platform that enables writers to connect with their audience on their own terms and earn money through subscriptions. With a slogan "A place for independent writing," Substack facilitates the publication of newsletters to an email list owned by the writer, aiding in web discovery and monetization. Notably, over 500,000 subscribers are part of the Substack network, with top writers earning millions of dollars annually. The startup's revenue is aligned with the success of its writers. Substack emphasizes the value of great writing and aims to support it through its business model. Established in 2017, Substack operates in the Content Creators, Entertainment, and Publishing sectors and is based in the United States. The recent $7.81M Equity Crowdfunding investment on 26 May 2023 was secured from Wisdom Ventures. The company's mission prioritizes building a diverse team to best serve the needs of a varied group of writers. In summary, Substack offers a platform for writers to independently engage with their audience and generate income. The recent investment from Wisdom Ventures further attests to the potential and investor interest in Substack's unique model.