Substack, a publishing platform known for its newsletter service, announced this week that it had crossed the 2 million paid subscription mark. Given the toptechtrends.com/2021/03/30/is-substack-really-worth-650m/”>wealth of historical data we have concerning the growth of paid subscribers at Substack, the number got our attention.
Substack’s simple business model also makes it possible to generate a few gross transaction volume and revenue guesses for the company, which we’ll explore.
The Exchange explores startups, markets and money.
Read it toptechtrends.com/subscribe/?tpcc=theexchange”>every morning on TechCrunch+ or get toptechtrends.com/newsletters/?utm_source=internal&utm_medium=WPunit”>The Exchange newsletter every Saturday.
First, a little context: Substack’s first known external capital came in January 2018 via the Y Combinator startup accelerator. The company raised a $2 million seed round in April of the same year. From there, the startup’s ability to raise new funds quickly accelerated, with Andreessen Horowitz toptechtrends.com/2019/07/16/substack-series-a/”>leading Substack’s $15.3 million Series A in mid-2019 and a massive $65 million Series B in March 2021.
toptechtrends.com/2023/03/03/perhaps-substack-can-grow-just-fine-without-venture-dollars/”>Perhaps Substack can grow just fine without venture dollars by toptechtrends.com/author/alex-wilhelm/”>Alex Wilhelm originally published on toptechtrends.com/”>TechCrunch
About The Author
