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Documentally's avatar

Great post thankyou!

I'm in no doubt that Substack have our best interests at heart, but ultimately they are beholden to VCs. VCs who themselves may prioritise short-term profits and unsustainable growth over user well-being. Substack might like to put us in charge but would they let it?

We need longterm sustainability of the platform. Not grow fast, pay off investors and die young. I've invested years in hosting content on platforms now graveyards of dead links and holes where stories once were. Ask any startup how long it promises to look after our hosted stories and you'll be lucky to get an answer.

The best things Substack has going for it is the decentralised nature of email and a lack of dodgy advertising models. If Substack asked for investment to buy the VCs out then I'd not hesitate to go all in.

If they don't create a platform that cares for writers over VCs, I have no doubt there is already someone waiting in the wings to do so.

As it stands I'm only in a position to offer a barrow load of hope and faith in this platform I have enjoyed for years.

Substack has already done so much for independent writers like myself, and long may it continue. I REALLY want Substack to succeed.

But I'd also like a backup plan.

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Jeanne Grant, Ph.D.'s avatar

Well, you did it. You convinced me. I invested in Substack. Not as much as you did, but I seriously suspect I am more risk-averse than you are.

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