I'd like to see their fundraising decks. Right now, you can get a subscription for $45/yr. Multiply that by 100K subscribers - $4.5M annual revenue. 300 FT employees - let's say average employee cost is $90K (prob low). That's $27M. Doesn't factor freelance/advertising. 1/2
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so what am I missing? So "regular" price is $60 per year so let's say $6M revenue. At these numbers (not including advertising and other admin costs), they'd have to quadruple or quintuple subscriber base to break even. Smart guys making investment here but lot of questions 2/2
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Yea I'm not seeing it either.
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Just because there are investors doesn’t mean it’s a good investment.
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A lot raised but they aren't helping themselves by hiding behind a paywall. Could have a much larger revenue stream with a couple tweaks to their model.
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I have no problem with it. Its worth it. Just like I pay for the Wash Post.
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Yup love not having ads. I’d pay twice what I currently do.
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It's not that you still can't have no ads. It's that they are losing money by not having a flexible model that supports both options. Or at least an ad-supported preview option. I read the founders piece about why he doesn't do ads, makes a lot of incorrect assumptions.
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I am surprised they did not at least go to a 3 free reads a month model. Especially with local sub sites, I am sure many readers would like to compare what they get vs. the daily paper.
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You get that if you download the app
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Are you kidding me?! I would never have guessed that the Athletic was this successful. It's got great writing, but i was not a believer in the viability of the subscription model & price point. Glad to be wrong!
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They’re raising VC money because their model isn’t profitable (yet, at least).
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A newspaper is worth $200 million?
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Good thing it’s not a newspaper
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It's less than buying a newspaper every day.
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I am happy to pay for a quality product.
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@_Coltonian seems like they’ll be around for a while
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Didn’t realize
@TheAthletic was part of@ycombinator a couple of years ago -https://blog.ycombinator.com/the-athletic/Thanks. Twitter will use this to make your timeline better. UndoUndo
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