You can find the full details of this community round, which will also be open to non-writers if there is room, and make an investment via  our page a

Own a piece of Substack

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2023-04-01 22:30:01

You can find the full details of this community round, which will also be open to non-writers if there is room, and make an investment via our page at Wefunder. We will accept investments from $100 up.

When we raised our last round of funding, in March 2021, we explored how we might make it possible for a large group of writers to invest alongside the traditional investors, but it ultimately proved too complex. Most importantly, it was difficult to include people who were not already accredited investors—a qualification determined largely by wealth. But the idea never left our minds. 

We are serious about building Substack with writers, and this community round is one way to concretize that ideal. We’re doing this because the dynamics of a platform like Substack change if the people who are building their businesses on it are owners of it too. And we’re doing it because it not only provides something good for our company but also presents an opportunity for the people who use Substack to participate in the benefits that come from building this network—including the financial upside.

In recent years, doing a community round like this one has become more viable, in part because of a 2021 regulatory change that increased the limit for how much money could be raised in such a round, and in part because nascent companies like Wefunder make the process simple. 

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