Red Seat Ventures partners with influential personalities to fund, develop, build, and operate media businesses.
This is great news. We’ve been following this company since pre-launch, and they’ve been building it the right way. There is tremendous opportunity in the space of giving content creators tools to connect with their audiences. Patreon does a nice job in many areas, but Substack has taken a unique approach, and it’s clearly paying off. Good for Substack, a16z, and creators.
I love the idea of Amazon Go at airports, but I doubt that Amazon will love having to charge $3.00 for water to pay back some airport construction bonds. Hudson News is not exactly a beloved brand.
The premise that combining multiple money-losing digital companies would give them "leverage" over the platforms is not a good one. If Disney + Fox doesn’t have leverage with Facebook, Buzzfeed + Vox isn't going to help. The state of digital media is as follows: Buzzfeed has raised $500m in capital, is growing top line revenue at only 15% over last year, and is now asking readers for money.
It’s unfortunate that a social network is dying when we need a new one the most. I can’t help but wonder “what could have been” if Google had continued investing in Google Plus, supporting publishers, and generally doing the opposite of Facebook, where it would be now. With Facebook’s flaws now on full display, I think that Google conceded the space way too soon.
This is a fascinating story. It’s much more plausible to me that, given the national security implications, Apple and Amazon would be compelled to lie to Bloomberg.
It’s strange to me that Amazon would be willing to increase their antitrust risk profile by competing in so many categories. Mattress in a box, for example, is a very robust space for direct to consumer startups. Amazon entering the space just to carve out a few more points of margin, while attracting substantially increased attention from regulators, is a decision they may regret in the long term.
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