[hsod]

Substack doesn’t publish a list of all funded writers so we really don’t know if this is broadly true. Unsuccessful substacks don’t get much pub so it makes sense we wouldn’t have heard from them.

That being said, it seems every writer I’m familiar with that launched one has been successful

[Lazare]

Quite right. Although conversely, if Substack is taking VC cash and throwing it away on advances to unsucessful authors nobody is reading...

...then that also can't explain their success, because that's content nobody is reading?