BREAKING: Substack Launches a Community Round

I’m interrupting my normal email cadence to let you know that Substack has launched a public investment round on Wefunder.

Most startups that raise via equity crowdfunding are small upstarts that you’ve likely never heard of. Every now and then, some big guys wade into the kiddie pool.

Replit raised on Wefunder back in 2022, as did Mercury Bank. Both sold out their raises in hours.

Today, Substack is the latest startup whale to conduct an equity crowdfunding round. For those not aware, Substack is a content-creator service, primarily known for its email newsletter software.

This very email you are reading right now was built on the Substack platform.

It’s been a little over an hour since Substack announced their raise, which is happening alongside their Series B. Investment is pouring in - $1.3M has already been committed by retail investors.

This comes out to roughly $361 for every second the campaign has been live thus far.

It’s my opinion that this one will sell out quickly, so I wanted to share this opportunity with my readers in case you are interested.

I have not conducted my complete due diligence on this one as it just came out. I am not recommending that anyone invests in this opportunity. But if you would like to check it out and make a decision for yourself, you can use the link below.

By the way, I’m going to toot my own horn for absolutely MANIFESTING this into reality. See past tweets and message to Wefunder’s VP (I can’t take credit for this, conversations were apparently already in motion since December).