"I started using Substack because I was looking for a simple newsletter platform that would let me focus on writing. That’s what Substack was in its original form, but now they seem to be focusing on growth for growth’s sake."
The article's author is surprised that a VC backed company that has raised $100 million in funding is pursuing growth?
It's not "growth for growth's sake". It's "growth to pay back investors".
I do wonder how long until the average consumer starts considering “VC-backed” as a curse rather than a blessing. Is there merit in advertising my small-scale tech services as “Not vc-backed. Our business model is to serve you, not to sell you out to our investors”?
The bigger question IMO is: why the fuck did they raise so much money? Don't they primarily just distribute text content?
I can see people getting stupid ideas if they have resources at their hands that far outpace their needs. Ideas that in the end might torpedo your original vision and customer base.
But maybe that's just a sign of me not having an entrepreneur's mind.
The article's author is surprised that a VC backed company that has raised $100 million in funding is pursuing growth?
It's not "growth for growth's sake". It's "growth to pay back investors".