Why In The World Is Andreesen Horowitz Investing In Newsletters?…And Other Small Business Tech News This Week [Forbes]
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Source: Forbes
Why In The World Is Andreesen Horowitz Investing In Newsletters?…And Other Small Business Tech News This Week Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1— Why Andreesen Horowitz is investing in a newsletter publishing platform. Substack, a newsletter publishing platform, recently raised $15.3 million in Series A funding round led by Andreessen Horowitz, proving that venture capitalists continue to hold an appetite for email. Using Substack, writers can launch a paid or free subscription newsletter with no upfront fees. Substack makes money by taking a 10% cut of subscription revenue. Currently Substack has 50,000 paying subscribers across their entire network. (Source: Fortune Why this is important for your business: So why is a well-known VC firm made up of really smart people doing this? It’s because email is still king and people do read newsletters. This should give you confidence that if your business in
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