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Cathy Skinner's avatar

This makes me want to vomit even more.

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Tantra Maat's avatar

Substack is a privately held company founded in 2017 by Chris Best (CEO), Hamish McKenzie, and Jairaj Sethi. The platform enables writers to publish and monetize subscription-based newsletters, podcasts, and videos.  

Ownership and Investors

While the founders maintain significant control, Substack has raised approximately $89.5 million through multiple funding rounds. Notable investors include: 

• Andreessen Horowitz (a16z): Led both the Series A and Series B funding rounds.

• Y Combinator: Substack was part of Y Combinator’s Winter 2018 batch. 

• Naval Ravikant: Co-founder of AngelList and a prominent angel investor. 

• Omeed Malik: Founder of 1789 Capital, a fund investing in media ventures. 

• Nate Silver: Statistician and founder of FiveThirtyEight. 

In 2023, Substack initiated a community fundraising round, allowing writers on the platform to invest in the company. 

Peter Thiel’s Involvement

There is no public record indicating that Peter Thiel has invested in Substack. While Thiel is known for supporting platforms that emphasize free speech, such as Rumble and Palantir, his involvement with Substack has not been reported.

Platform Philosophy

Substack positions itself as a platform that champions free expression, offering minimal content moderation compared to traditional media outlets. This approach has attracted writers across the political spectrum, including those who have departed from mainstream media. 

In summary, Substack remains an independent company with a diverse group of investors. There is no evidence to suggest that Peter Thiel has any ownership stake or direct influence over the platform.

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