Navigating Media Transformations

Dylan sits down with an anonymous, plugged-in investment banker in the media space to peel back the curtain on Substack’s recent $100 million raise—and the staggering $1.1 billion valuation that came with it. They unpack what it means for the future of the platform, the broader implications of this investment on the media landscape, and whether it can lead to more sustainable business models and increased competition among platforms.

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