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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708

This Week in Startups

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Substack's Equity Crowdfunding Initiative

This chapter explores Substack's $2 million equity crowdfunding effort, allowing non-accredited investors to engage with the platform. It analyzes the funding dynamics, revenue models, and challenges faced by subscription-based businesses like Substack and Patreon. The discussion also touches on investor skepticism about valuation and transparency, comparing the company to competitors like Lyft and Uber amid broader market challenges.

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