FTX buys BlockFi for $25M, Sequoia raising $2.25B, AI Umpires for MLB, Substack layoffs | E1497
This Week in Startups
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Substack's Media Evolution and Challenges
This chapter explores the financial investments made by Substack to attract newsletter authors and the impact on the media landscape. The discussion critiques Substack's business model and highlights the implications of recent layoffs within the company, questioning its sustainability and profitability. The speakers also examine the shift towards independent journalism and the challenges creators face in an increasingly competitive environment.
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