I dig into why the Substack founders don't want to fight with Elon Musk.
Great interview, Eric. Big fan of your work. I have a few spicy story leads for you.
Why has the Sequoia partner who lost $214M on FTX not been held accountable? https://yuribezmenov.substack.com/p/sequoia-ftx-214million-disaster
Why has the 8VC partner who was the only external board member on UBiome, the fraudulent gut health company, not been held accountable? https://www.businessinsider.com/who-is-on-the-ubiome-board-of-directors-after-fbi-raid-2019-5
Why didn't SVB have a chief risk officer for almost a year before it imploded due to poor risk management? https://yuribezmenov.substack.com/p/svb-linkedin-receipts
Great chat! Really find their business/product strategy compelling. I thought Patel's line of questioning on moderation missed the point in that Decoder interview and wrote a response, along similar lines to some of their answers: https://dearpartisan.substack.com/p/substack
Great listen, thanks! In many ways, Ben Thompson was the first Substacker (despite not being here!). Proving that there is a willingness to pay for high value content, after all.
I really hope, both for our sake as writers and their sake as genuine entrepreneurs, that Substack can become a profitable company and doesn’t fall into the venture scaling at all costs trap. Why do you need advertising? It pollutes the content quality and the relationship between reader and writer. Could easily see how Substack could bootstrap itself and just grow slower (as he pointed out at the end) and focus on subscription revenue. I wonder if Andreesen will let them… (news flash: they probably won’t).
I love SubStack, entrepreneurship and tech so I’ll definitely be giving it a listen! Thanks for sharing their financials, was good to see a little behind the curtain. What are partnership expenses I wonder? Also why do they mis-label Gross Profit as Net Profit?
this ''Fund of Culture'' has something of ''schema oxymoron'' that...