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Dear investors, 

We reflect on 2024 with both satisfaction and impatience. We’re satisfied because the business is strong, growth is robust, and we continue to attract the world’s best writers and creators to Substack. But there is still much work to be done, new territories to push into, and some key improvements to make to the product, and we’re i... See more

Flatness, like scalability, is efficient. The same culture flows through the same pipes to the same net-average consumer. But since when did efficiency become the sole metric by which we judge art? Filterworld represents the idea that the messiness of culture can be optimized and that only what is optimized for shareability is worthwhile. I disagre... See more

Fadeke: These creator side hustles often transform into full-time occupations. For example, Alexis Gay worked at Patreon while creating humorous videos about the tech industry. Now she’s a full-time comedy creator and podcast personality. Mario Gabriele started his newsletter, The Generalist while working at a VC firm. After seeing significant grow... See more

According to Dealroom, from 2013–2019 $60 bn of early-stage capital was invested globally into startups tackling the climate challenge. In 2019 investments amounted to $16 bn. This equated to approx. 6% of total VC capital invested that year (and was up from $418 million in 2013).

We have no idea what kind of jobs could be created

Traditionally, startups have solved this problem by racing to connect users with each other, essentially providing them the pipes to interact with each other. Twitter, Facebook and LinkedIn have grown big with this connection-first model.