Difference between revisions of "Timeline of Substack"
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| 2021 || May 30 || Funding || Substack confirms US$65 million raise in new venture capital funding that values the company at around US$650 million. Andreessen Horowitz leads the investor round.<ref>{{cite web |last1=Primack |first1=Kia Kokalitcheva,Dan |title=Substack raising $65 million in venture capital amid newsletter boom |url=https://www.axios.com/substack-andreessen-horowitz-newsletter-36cb98ea-a7b3-43b1-883a-fa45586eaad4.html |website=Axios |access-date=26 September 2021 |language=en}}</ref><ref>{{cite web |title=Substack confirms $65M raise, promises to ‘rapidly’ expand its financial backing of newly independent writers |url=https://techcrunch.com/2021/03/30/substack-confirms-65m-raise-promises-to-rapidly-expand-its-financial-backing-of-newly-independent-writers/ |website=TechCrunch |access-date=26 September 2021}}</ref> | | 2021 || May 30 || Funding || Substack confirms US$65 million raise in new venture capital funding that values the company at around US$650 million. Andreessen Horowitz leads the investor round.<ref>{{cite web |last1=Primack |first1=Kia Kokalitcheva,Dan |title=Substack raising $65 million in venture capital amid newsletter boom |url=https://www.axios.com/substack-andreessen-horowitz-newsletter-36cb98ea-a7b3-43b1-883a-fa45586eaad4.html |website=Axios |access-date=26 September 2021 |language=en}}</ref><ref>{{cite web |title=Substack confirms $65M raise, promises to ‘rapidly’ expand its financial backing of newly independent writers |url=https://techcrunch.com/2021/03/30/substack-confirms-65m-raise-promises-to-rapidly-expand-its-financial-backing-of-newly-independent-writers/ |website=TechCrunch |access-date=26 September 2021}}</ref> | ||
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| + | | 2024 || January 29 || || Substack launches new tools to support international writers and audiences, including local payment methods, support for more currencies, and default language settings for newsletters. The platform now supports payments in 13 currencies such as USD, EUR, and BRL, removing the need for users to deal with dollar conversion rates. European subscribers can use local payment methods like direct debit. It is observed an 85% increase in paid conversions when local payment options are available. Additionally, Substack introduces default language options for newsletters, supporting Spanish, French, Italian, German, and Portuguese. However, geo-specific pricing is not yet available.<ref>{{cite web |last=Mehta |first=Ivan |title=Substack introduces new payment methods for international markets |url=https://techcrunch.com/2024/01/29/substack-introduces-new-payment-methods-for-international-markets/ |website=TechCrunch |date=January 29, 2024 |access-date=June 20, 2024}}</ref> | ||
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| 2024 || June 5 || || Substack adds video capabilities to its Chat feature, allowing writers to share videos with subscribers. This follows the introduction of video to Notes, Substack’s short-form content platform similar to X/Twitter. The new feature aims to enhance communication between newsletter creators and their audiences, enabling them to share exclusive content and updates. Writers can upload or record videos up to five minutes long, add captions, and choose to put videos behind a paywall. Subscribers receive push notifications for new videos. This addition positions Substack as a competitor to social media platforms, expanding its appeal to various types of creators.<ref>{{cite web |title=Substack brings video to its Chat feature |url=https://techcrunch.com/2024/06/05/substack-brings-video-to-chat-feature/ |website=TechCrunch |date=June 5, 2024 |access-date=June 20, 2024 |author=Lauren Forristal}}</ref> | | 2024 || June 5 || || Substack adds video capabilities to its Chat feature, allowing writers to share videos with subscribers. This follows the introduction of video to Notes, Substack’s short-form content platform similar to X/Twitter. The new feature aims to enhance communication between newsletter creators and their audiences, enabling them to share exclusive content and updates. Writers can upload or record videos up to five minutes long, add captions, and choose to put videos behind a paywall. Subscribers receive push notifications for new videos. This addition positions Substack as a competitor to social media platforms, expanding its appeal to various types of creators.<ref>{{cite web |title=Substack brings video to its Chat feature |url=https://techcrunch.com/2024/06/05/substack-brings-video-to-chat-feature/ |website=TechCrunch |date=June 5, 2024 |access-date=June 20, 2024 |author=Lauren Forristal}}</ref> | ||
Revision as of 16:22, 20 June 2024
This is a timeline of Substack, a United States online platform that provides users with tools to publish paid (or free) subscription newsletters.
Contents
Sample questions
The following are some interesting questions that can be answered by reading this timeline:
Big picture
| Time period | Development summary | More details |
|---|---|---|
| 2020 | Substack grows in prominence as several well-known opinion journalists abandon their longtime employers to start their own subscriptions on the platform.[1] |
Full timeline
| Year | Month and date | Event type | Details |
|---|---|---|---|
| 2017 | May | Initial launch | Substack is launched by Chris Best, Jairaj Sethi, and Hamish McKenzie[2] with the mission to make it simple to start publications that make money from subscriptions.[3] |
| 2018 | May 1 | Funding | Substack raises US$2 million in seed funding.[4] |
| 2019 | February | Service | Substack launches audio content support for creators who want to sell podcast subscriptions to their audience.[5] |
| 2020 | December 28 | Review | Anna Wiener at the The New Yorker writes that while "Substack has advertised itself as a friendly home for journalism, [...] few of its newsletters publish original reporting; the majority offer personal writing, opinion pieces, research, and analysis."[6] |
| 2021 | March 16 | Competition | Facebook announces it has plans to launch its paid newsletter product “in the coming months.”[7] |
| 2021 | March 17 | Substack publishes a statement titled Substack is for independent writers.[8] | |
| 2021 | March 24 | Review | Eric Levitz publishes article titled Substack Is a Scam in the Same Way That All Media Is.[1] |
| 2021 | May 30 | Funding | Substack confirms US$65 million raise in new venture capital funding that values the company at around US$650 million. Andreessen Horowitz leads the investor round.[9][10] |
| 2024 | January 29 | Substack launches new tools to support international writers and audiences, including local payment methods, support for more currencies, and default language settings for newsletters. The platform now supports payments in 13 currencies such as USD, EUR, and BRL, removing the need for users to deal with dollar conversion rates. European subscribers can use local payment methods like direct debit. It is observed an 85% increase in paid conversions when local payment options are available. Additionally, Substack introduces default language options for newsletters, supporting Spanish, French, Italian, German, and Portuguese. However, geo-specific pricing is not yet available.[11] | |
| 2024 | June 5 | Substack adds video capabilities to its Chat feature, allowing writers to share videos with subscribers. This follows the introduction of video to Notes, Substack’s short-form content platform similar to X/Twitter. The new feature aims to enhance communication between newsletter creators and their audiences, enabling them to share exclusive content and updates. Writers can upload or record videos up to five minutes long, add captions, and choose to put videos behind a paywall. Subscribers receive push notifications for new videos. This addition positions Substack as a competitor to social media platforms, expanding its appeal to various types of creators.[12] | |
| 2024 | June 11 | Substack launches the Substack Creator Studio, a year-long incubator program for TikTok creators to expand their reach and businesses. The program supports influencers like Coco Mocoe, Gabi Jones, and Jeauni Cassanova in using Substack's multimedia platform, which now includes video capabilities. This initiative aims to help creators move beyond TikTok’s algorithm-driven model, offering a more direct way to connect with audiences. Substack allows creators to charge for paywalled content and provides additional support to those in the program. The platform seeks to attract creators by offering a stable, responsive alternative to other social media platforms.[13] |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by FIXME.
Funding information for this timeline is available.
Feedback and comments
Feedback for the timeline can be provided at the following places:
- FIXME
What the timeline is still missing
Timeline update strategy
See also
External links
References
- ↑ 1.0 1.1 Levitz, Eric (24 March 2021). "Substack Is a Scam in the Same Way That All Media Is". Intelligencer.
- ↑ "Substack History: An Overview of Substack". Blogging Guide. 21 June 2021. Retrieved 26 September 2021.
- ↑ "Chris Best". linkedin.com. Retrieved 26 September 2021.
- ↑ Kokalitcheva, Kia. "Substack raises $2 million to prove newsletters can help media". Axios. Retrieved 26 September 2021.
- ↑ Botticello, Casey (21 June 2021). "What is Substack?". Substack Writing.
- ↑ Nast, Condé (21 December 2020). "Is Substack the Media Future We Want?". The New Yorker. Retrieved 26 September 2021.
- ↑ "Supporting Independent Voices". Supporting Independent Voices | Facebook Media. Retrieved 26 September 2021.
- ↑ Jairaj, Chris Best, Hamish McKenzie, and (17 March 2021). "Substack is for independent writers". Substack. Retrieved 26 September 2021.
- ↑ Primack, Kia Kokalitcheva,Dan. "Substack raising $65 million in venture capital amid newsletter boom". Axios. Retrieved 26 September 2021.
- ↑ "Substack confirms $65M raise, promises to 'rapidly' expand its financial backing of newly independent writers". TechCrunch. Retrieved 26 September 2021.
- ↑ Mehta, Ivan (January 29, 2024). "Substack introduces new payment methods for international markets". TechCrunch. Retrieved June 20, 2024.
- ↑ Lauren Forristal (June 5, 2024). "Substack brings video to its Chat feature". TechCrunch. Retrieved June 20, 2024.
- ↑ Taylor Lorenz (June 11, 2024). "TikTok creators experiment with Substack". The Washington Post. Retrieved June 20, 2024.
