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Many of Substack’s content creators have paid tiers that bring in substantial revenue. For example, Bari Weiss and Glenn Greenwald both have thousands of paid s
by blisterpeanuts 4y ago
Many of Substack’s content creators have paid tiers that bring in substantial revenue. For example, Bari Weiss and Glenn Greenwald both have thousands of paid subscribers. It seems like the company should just keep cultivating this kind of subscription base, and they’ll get plenty of revenue without resorting to intrusive monetization.
- mudrockbestgirl 4y agoI think there is a huge gap between "substantial revenue" and unicorn. I have no doubt that these platform can be great businesses, bringing in tens of millions of revenue or profit per year. But when you take on $100M in investor money you are forced to either go big or go home. And going BIG seems really hard with a newsletter or Medium-like business that has little defensibility. Of course, for the founders this may still end up being a great deal and the right choice, even if the company eventually fails.