An Interest In:
Web News this Week
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
- April 6, 2024
Some of Our Sources
- Web Designer Wall
- Just Creative
- Pearsonified
- You The Designer
- Naldz Graphics
- 24 Ways
- Spyre Studios
- Web Resource Source
- Android Dissected
- Android Headlines
Help Webnuz
Referal links:
May 28, 2022 02:02 am
Original Link: https://news.slashdot.org/story/22/05/27/2148208/substack-pauses-fundraising-efforts-of-potential-100x-valuation?utm_source=rss1.0mainlinkanon&utm_med
Substack Pauses Fundraising Efforts of Potential 100x Valuation
Substack stopped fundraising efforts for a round of $75 million to $100 million, the New York Times reported Thursday. Axios reports: The round could have valued the newsletter publication platform between $750 million and $1 billion. But the abandoned plans come amid the market's cooling and layoffs among other tech firms. NYT reported that Substack told investors its 2021 revenue was about $9 million. That means its potential valuation of $1 billion would have been 100x its revenue. Substack touted in November that it has more than 1 million paid subscriptions and that its top 10 writers collectively generate $20 million in annual revenue. But only a fraction of that contributes to Substack's bottom line.Read more of this story at Slashdot.
Original Link: https://news.slashdot.org/story/22/05/27/2148208/substack-pauses-fundraising-efforts-of-potential-100x-valuation?utm_source=rss1.0mainlinkanon&utm_med
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot