2 Comments
User's avatar
â­  Return to thread
Daniel Pinchbeck's avatar

Do you have a commitment not to sell to a big corporation? Are you planning to go public at some point? Those are some concerns I have. The other concern I have about Substack is that the unbundling of writers from publications can only go on for a while, hit a limit, and then there must be some kind of "rebundling." Obviously for readers, it makes more sense to pay for something like The NY Times or New Yorker where you have access to dozens of regular writers for one subscription fee. Substack seems to be pushing ever-further toward this unbundling, but I see this as also problematic (even as I am currently benefiting from Substack and feel a lot of gratitude for it) and believe it will hit a limit. I am curious if you have thought about how a "rebundling" might occur? I would love to hear any thoughts you have on these areas... it will influence my decision to invest something. Thank you! - D

Expand full comment
Daniel Pinchbeck's avatar

To provide some context, I started a web magazine that was an early influencer in the new psychedelic space, Reality Sandwich. At some point, after I left the parent company, Reality Sandwich was "de-accessioned" to another company, which is far more commercial and banal. They have refused to allow writers to withdraw their material from RS archives - even though it was our policy, for many years, that authors have full control over their work (we didn't pay for articles, it was all done on good faith and trust). While I don't think anything like that would happen here, we see, often, that initially mission-driven or idealist enterprises get engulfed by Capitalist imperatives, and I wonder if you have thought about this and devised any safeguards against it?

Expand full comment