We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
The New York Times / Benjamin Mullin
/ Jun 1“Substack has told investors that it had revenue of about $9 million in 2021, the people with knowledge of the fund-raising talks said, meaning that the discussions valued the company at a hefty premium relative to its financial results. Such a high valuation for a company with relatively small revenue was more common in the latter months of 2021, when the stock market was booming and venture firms were more bullish on start-ups.” —
Tags:
Substack,
venture capital
