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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
How to Invest in a Low-Margin Business
WeFundra has raised 785,000 out of 2 million. They're going to prioritize investments from its own riders. Riders get 86% of revenue and sub stack takes 10 and pay them if you eat up four. So right there, you have a business that has very low margins.
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