Our new business model for writers is so sustainable that we're raising $65 million to continue to run it at a massive losspic.twitter.com/tleUjwxWQo
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Personally, I'm waiting for the next Medium pivot. Most VC bonfires are one-offs, but @ev has created the rare perennial
The thing about Andreessen-Horowitz investments in particular is that there's always a stupid master plan that the avowed business model is only phase 1 of. You can only get the millions out of A16Z if you know the pitch format, and that requires the grandiose world-eating secret
Kinda feel like Substack's plan is to accrue enough noisy journalist voices that they can eventually get federal protection, become a too loud to fail institution
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