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Substack raised $100M at a $1.1B valuation from Chernin, Bond, and A16Z, up from $650M in 2021.
The future of Substack isn't a writer platform (likely not a venture opportunity), it's a social network competing with X and others for ad and subscription $.
17.7. klo 22.02
We’ve raised $100 million that we will put to work for creators and their audiences. Ownership for creators. Agency for audiences. Substack is a network built in service of people who care about culture. I’m pumped for this.
Now we go big.
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