Venture capitalists have an appetite for the world’s oldest social media network: email. :
Venture capitalists have an appetite for the world’s oldest social media network: email. Newsletter publishing platform Substack raised $15.3 million in Series A funding. Andreessen Horowitz led the round, and was joined by investors including Y Combinator. The company was founded by Hamish McKenzie, who has previously worked at PandoDaily and Tesla, alongside Chris Best and Jairaj Sethi, who both worked at Kik. Here’s how Substack works: Writers can launch a free or a paid subscription newsletter on the Substack platform with no upfront fees.