Sources: Substack dropped efforts to raise money, after talks to raise $75M to $100M at a $750M to $1B valuation, and told investors it had ~$9M revenue in 2021 (Benjamin Mullin/New York Times)

Sources: Substack dropped efforts to raise money, after talks to raise $75M to $100M at a $750M to $1B valuation, and told investors it had ~$9M revenue in 2021 (Benjamin Mullin/New York Times)

Benjamin Mullin / New York Times:
Sources: Substack dropped efforts to raise money, after talks to raise $75M to $100M at a $750M to $1B valuation, and told investors it had ~$9M revenue in 2021 — Amid an industrywide downturn, venture investors are preaching austerity and halting new deals, particularly for companies that have spent aggressively on growth.

from Techmeme https://ift.tt/LcvC8D4
via IFTTT

Comments