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“More than 50 people” are making over $1 million a year on Substack.
CEO Chris Best drops that fact onstage at The Information’s “Future of Influence” event in Los Angeles. He also says Substack was “accidentally cash flow positive” in the first quarter of this year, but isn’t planning to be profitable soon. “We’re focused on growth,” he says. “It turns out that when you do that, it makes the business grow really well, too.”
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