From ZeroHedge:
Substack is initiating a crowdsourcing funding round, allowing writers to invest as little as $100 in the company. On Tuesday morning, the startup emailed writers about the investment opportunity. The development comes amidst a freeze in venture capital funding markets, which followed the collapse of Silicon Valley Bank.
"Today, we're starting a process that will let writers and readers invest in Substack and own a piece of the company. We are serious about building Substack with writers and readers and this community round is one way to concretize that ideal," the email said.
Substack is using the crowdfunding service Wefunder to raise $2 million. Around noon on Tuesday, nearly $800k had been raised....
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