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Andreessen Horowitz Doubles Down on Substack

By
Shai Oster
· · Source: Axios

Andreessen Horowitz led a $65 million round of investing that valued the buzzy newsletter startup Substack at $650 million, Axios reported. The heady valuation underscores how Silicon Valley venture capitalists are pushing up the prices of hot startups as they chase deals. Andreesen is an existing investor. Substack has seen its popularity rise as journalists and others join the online...

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