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> I read an a16z blog post on the thesis behind their investment in substack Substack is like the person who sold tools to the gold prospectors during the gold
by blntechie 7y ago
> I read an a16z blog post on the thesis behind their investment in substack
Substack is like the person who sold tools to the gold prospectors during the gold rush. They will probably do okay.
- soneca 7y agoNot a good analogy in this case because they earn a fee on each subscription. Meaning that if no one find gold, they earn nothing.
- ThomPete 7y agoMost didnt find gold either so the analogy sound good to me. Mailchimp, constant contact, campaign monitor.
- the_watcher 7y agoBut the people who sold pickaxes to those who struck out made money on those people. Substack makes precisely $0 on a paid newsletter with no subscribers.
- ThomPete 7y agoYeah but Mailchimp makes lots of money