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Where is the 1M number from? They take 10% of subscriptions and https://sellcoursesonline.com/substack-statistics https://sellcoursesonline.com/substack-statist
by ghiculescu 4y ago
Where is the 1M number from? They take 10% of subscriptions and https://sellcoursesonline.com/substack-statistics https://sellcoursesonline.com/substack-statistics says that just the top writers made 20M in 2021. I bet there’s a long tail.
(I don’t think you’re wrong by a factor of 10, just curious where you got your number from.)
- bolanyo 4y agoA lot of the top writers have large guaranteed incomes and related incentive structures. The 20M is not all revenue, some of it is a cost for Substack.
- m_ke 4y agoI couldn’t reply sooner because I have noprocast on but my numbers were a bit off, I was repeating what I heard on a tech podcast. According to the numbers they had to release it was a bit higher https://www.axios.com/2023/04/07/substack-gets-writers-to-invest-but-doesnt-share-new-financial-info https://www.axios.com/2023/04/07/substack-gets-writers-to-in...