Best: Market failure causes society to underinvest in cultural creators
Chris Best · Monetizing Podcasts and Newsletters - Chris Best of Substack and Jonathan Gill of Backtracks · Y Combinator · May 15, 2019 · at 6:25
Substack CEO Chris Best explains the foundational thesis behind Substack's subscription model for independent creators.
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“We think there's basically a market failure where all of society would be richer if there was more efficient mechanisms to like allocate more resources to creative people that are making kind of culture writ large”
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