In case you missed the news, Substack recently raised another $100 million. I was happy to hear this, and not just because I am a small shareholder. I didn't buy shares with expectations of profit.
I didn't buy shares with expectations of profit. I did it as a way of expressing my solidarity with other authors, and to make a public declaration of support to a platform that has helped so many writers and creators. If Substack were a non-profit, I would make regular donations to help the cause.
If Substack were a non-profit, I would make regular donations to help the cause. Because Substack is a company, I became a shareholder instead. But I still don't view this as a financial decision.