3min chapter

Decoder with Nilay Patel cover image

Is Substack Notes a ‘Twitter clone’? We asked CEO Chris Best.

Decoder with Nilay Patel

CHAPTER

How to Scale a Social Network

The last funding around you had was Andreessen Horowitz. There's reporting that you tried to raise again last year, and you scrapped it. And then you recently launched a retail investor program. You've raised about 7 million. Your costs are higher than your revenues. In fact, you have negative revenue because you're paying out to your authors before their revenue pays you back.

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