The $650 million startup isn’t a newsletter platform – it’s a multi-media network and cultural powerhouse.
Excellent post. I'd undercounted and had put their ARR at 10m, but the range is likely wider. I'm a little confused on the eventual size here though, especially as media businesses have higher attrition vs B2B saas, and low net revenue retention, but as a regular user the platform's great!
Excellent article (and thanks for mention!). Would add that Finance Substack also has scope to tap into the sizeable market for paid investment research.