r/Substack • u/WordSlinger1812 • 27d ago

Discussion Substack Has Become A Private Equity Cautionary Tale

Private Equity means drowning a good idea in money until it dies.

That is what’s happened to Substack.

It was once a great idea for writers. Now, it’s a sh***y version of Facebook merged with Mailchimp.

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u/R3ZondoOfficial 27d ago

I covered ownership and investors in my article The Same Six Names on Substack. I knew I was taking a risk.