Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":27744,"date":"2023-03-29T21:50:14","date_gmt":"2023-03-29T21:50:14","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/"},"modified":"2023-03-29T21:50:15","modified_gmt":"2023-03-29T21:50:15","slug":"substack-takes-a-different-tack-to-raise-more-capital","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/","title":{"rendered":"Substack takes a different tack to raise more capital"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/29\/substack-crowdfunding-extension-round\/<\/a><\/br>
\nSubstack takes a different tack to raise more capital<\/br>
\n2023-03-29 21:50:14<\/br><\/p>\n

\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

It turns out<\/span> that if you have an active customer audience invested in the long-term viability and success of your platform, you can crowdfund a venture-sized extension round<\/a>.<\/p>\n

Substack, a venture-backed subscription media platform<\/a> popular with writers and known for its email service, has collected more than $5 million in pledges for an extension to its Series B from its community and the internet at large. The sum pales compared to how much it raised in its early-2021 funding round worth $65 million, but it\u2019s still real money and capital for a startup that reportedly shelved its Series C hunt.<\/p>\n

\n

The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n

Read it every morning on TechCrunch+<\/a> or get The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n

\n

The company intends to share more financial data<\/a> before its equity crowdfunding actually collects funds from its new investor group<\/a>, figures that could shake up the amount of capital that it can raise; poorer-than-anticipated numbers could scare off some checks, while stronger-than-expected figures could help ensure that its ample pledge count becomes concrete in the form of capital in the bank.<\/p>\n

I\u2019ve covered the odd crowdfund before, including Juked.gg\u2019s first and successful round<\/a> that it put together on Republic; a later attempt<\/a> by the same company to raise more didn\u2019t work out, but the model has juice. Frankly, Substack\u2019s rapid success in attracting more than the legal yearly limit<\/a> for equity crowdfunding in the form of pledges indicates that the method of fundraising remains viable.<\/p>\n

For some companies, at least. Substack is framing its crowdfund as a way for its users (customers, really) to buy into the platform they use. That\u2019s pretty cool, frankly, and will provide its active users with a stake in their own platform.<\/p>\n

The sticky bit is price.<\/p>\n

When Substack wanted to go out and raise its next round of venture capital, it had to go through a pricing process. Reporting from the time indicated that its expectations were in the $750 million to $1 billion range<\/a>. That price didn\u2019t clear, given that the fundraising effort was called off. After that, the company tightened up its cost structure<\/a>\u00a0and kept growing.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/03\/29\/substack-crowdfunding-extension-round\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/29\/substack-crowdfunding-extension-round\/ Substack takes a different tack to raise more capital 2023-03-29 21:50:14 It turns out that if you have an active customer audience invested in the long-term viability and success of your platform, you can crowdfund a venture-sized extension round. Substack, a venture-backed subscription media platform popular with writers and known for its email service, […]<\/p>\n","protected":false},"author":1,"featured_media":27745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-27744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nSubstack takes a different tack to raise more capital - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Substack takes a different tack to raise more capital - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/03\/29\/substack-crowdfunding-extension-round\/ Substack takes a different tack to raise more capital 2023-03-29 21:50:14 It turns out that if you have an active customer audience invested in the long-term viability and success of your platform, you can crowdfund a venture-sized extension round. Substack, a venture-backed subscription media platform popular with writers and known for its email service, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-29T21:50:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-29T21:50:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/\",\"name\":\"Substack takes a different tack to raise more capital - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1\",\"datePublished\":\"2023-03-29T21:50:14+00:00\",\"dateModified\":\"2023-03-29T21:50:15+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1\",\"width\":533,\"height\":399},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Substack takes a different tack to raise more capital\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Substack takes a different tack to raise more capital - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/","og_locale":"en_US","og_type":"article","og_title":"Substack takes a different tack to raise more capital - Science and Nerds","og_description":"Source:https:\/\/techcrunch.com\/2023\/03\/29\/substack-crowdfunding-extension-round\/ Substack takes a different tack to raise more capital 2023-03-29 21:50:14 It turns out that if you have an active customer audience invested in the long-term viability and success of your platform, you can crowdfund a venture-sized extension round. Substack, a venture-backed subscription media platform popular with writers and known for its email service, […]","og_url":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/","og_site_name":"Science and Nerds","article_published_time":"2023-03-29T21:50:14+00:00","article_modified_time":"2023-03-29T21:50:15+00:00","og_image":[{"width":533,"height":399,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/","url":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/","name":"Substack takes a different tack to raise more capital - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1","datePublished":"2023-03-29T21:50:14+00:00","dateModified":"2023-03-29T21:50:15+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1","width":533,"height":399},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2023\/03\/29\/substack-takes-a-different-tack-to-raise-more-capital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"Substack takes a different tack to raise more capital"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/03\/substack-takes-a-different-tack-to-raise-more-capital_6424b296c89e8.jpeg?fit=533%2C399&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/27744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=27744"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/27744\/revisions"}],"predecessor-version":[{"id":27746,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/27744\/revisions\/27746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/27745"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=27744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=27744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=27744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}