Member Brief: Substack and Local News

I think the New York Times is its own thing, it’s going to keep being successful, but there’s a huge swath of the rest of the publishing industry that is being disrupted and will continue to be disrupted. If you look at publishers that exist in the world, because the Internet lets you reach everything, there’s probably space for the very best publi... See more

Armed with a $15.3 million Series A financing by Andreessen Horowitz and plenty of pre-financing traction, Substack has the potential to leverage one of two opportunities. The likely path forward is an organic approach to local media entreprenuers scaling their own region-based media operations, likely competing with other entrepreneur-journalists ... See more

Substack has the potential to serve as the tool that captures and monetizes professional journalism in ways that were unforeseen before the advent of publications like Stratechery. But if Substack chooses to become more than a Shopify-like solution for the re-platforming of local news, they may find that the real long-term value of their platform l... See more