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Out of the tech authors that I read, seems like Lenny and Gergely are printing money, but everybody else is unlikely to be even breaking even. But like with You
by 8f2ab37a-ed6c 3y ago
Out of the tech authors that I read, seems like Lenny and Gergely are printing money, but everybody else is unlikely to be even breaking even. But like with YouTube, Twitch and OnlyFans, it's imperative that people feel like there's a chance a chance of them joining the ranks of superstars, or growth stops.
- paulpauper 3y agodisagree. many people do not expect to become rich but do it for fun
- coldtea 3y agoMany yes. Most even. But quite a few do expect to become rich/well compensated. Which is why there's a huge meta-group of people selling the dream ("How to make money on Substack/YouTube/Instagram/whatever platform"), with books, seminars, tutorials, sponsored content, and so on - each with tens or hundreds of thousands of subscribers...
- AlbertCory 3y agodamn. I meant to include something about "make millions selling Amway" and "make millions selling Mary Kay Cosmetics." Those are yesterday's hotness.
- fbdab103 3y agoIs that really any different from aspirational athletes, musicians, or actors? Everyone knows that only the 0.1% have wild success. The N% below that can make a non-glamorous living from it.
- coldtea 3y ago>Is that really any different from aspirational athletes, musicians, or actors? Yes, not for Substack (as teens don't like this "writing" thing much), but e.g. a huge number of teens (and 20-somethings) tries to be vlogger, influencer, etc - more than athletes, musicians, or actors which is more of a 'far away' dream.
- water-your-self 3y agoWho are Lenny and Gergely?
- coldtea 3y agoGergely Orosz and Lenny Rachitsky
- throwaway2037 3y agoI also did know. Here is my guess from some light Googling: Lenny Rachitsky & Lenny Rachitsky Ref: https://www.lennyspodcast.com/blog/summary-leaving-big-tech-to-build-the-1-technology-newsletter-gergely-orosz-the-pragmatic-engin/ https://www.lennyspodcast.com/blog/summary-leaving-big-tech-...
- AlbertCory 3y agoRight. The difference is, most people realize they won't become wealthy actors or musicians. But let some new Web platform come along where a few people are killing it, and everyone thinks "why not me?" And the platform owners are happy to encourage it.
- 8f2ab37a-ed6c 3y agoTo me that's just a function of industry maturity. I wouldn't be surprised if in the early days of the movie and recording industries people felt equally as bullish about their chances of making it. A century later things no longer feel as rosy.