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Substack introduces a $20M funding guarantee to entice creators to migrate to its platform

Substack on Thursday announced the launch of its Creator Accelerator Fund, which provides a $20 million funding guarantee aimed at helping creators grow Substack launched its creator accelerator fund, which provides a $20M funding guarantee for creators moving over to the platform.

Substack’s new initiative addresses a key concern for creators who might be hesitant to switch platforms, as they often rely on their existing income streams for financial stability. In addition to funding guarantees, the company is throwing in ongoing assistance from its partnerships team to help with the migration process and overall business strategy. To attract more creators, Substack recently introduced additional features to increase its competitiveness with social platforms, including new live video.

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