What’s the average monthly sub cost? Like $12? $1.2M/month in overall subscription rev? Honestly, pretty weak. For all the hoopla and capital they have this number isn’t high. They also aren’t early on newsletter attention so large penetration into TAM will be uphill battle.https://twitter.com/TurnerNovak/status/1288829071997251585 …
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I'm so confused why they shared this. 100k paying subscribers with $17M in funding on a single revenue stream. Anyone can do the math.
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Same. Their take is tiny. Platform plays have to have a HUGE market (Shopify) and newsletter biz for individual creators is not that.
End of conversation
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And I bet the churn rate is huge, I unsubscribed from a bunch of substack newsletters after 1 read They make it easy for anyone to monetize a newsletter, but it doesn’t mean it makes it money worthy
Thanks. Twitter will use this to make your timeline better. UndoUndo
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