| A | B | C | D | E | F | G | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | AA | AB | AC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Category & rank | Name | Stated size | Cost | Est. pay subs Mar 21 (exponential distribution) | Paid subs: Zipf-ier distribution | Est paid Aug 2020 | Notes | |||||||||||||||||||
2 | Politics 1 | Letters from an American, by Heather Cox Richardson | tens of thousands | $5 | 35,000 | 70,000 | 15,000 | she's overtaken The Dispatch! Though I've revised down from initial 50K estimate. Now 10% conversion rate for (known) 350,000 total subscribers (https://www.nytimes.com/2020/12/27/business/media/heather-cox-richardson-substack-boston-college.html) | |||||||||||||||||||
3 | Politics 2 | The Dispatch | tens of thousands | $10 | 15,000 | 19,500 | 20,000 | my Aug 2020 estimate was perhaps too high (it was then #1 - so the hardest to calibrate) | |||||||||||||||||||
4 | Politics 3 | Bulwark+ | tens of thousands | $10 | 12,300 | 14,000 | new entrant | ||||||||||||||||||||
5 | Politics 4 | TK News by Matt Taibbi | tens of thousands | $5 | 21,000 | 22,000 | 30,000 | Reporting by Matt Taibi was #2 overall in Aug, est. 30,000 subs. this is a rebrand? | |||||||||||||||||||
6 | Politics 5 | Glen Greenwald | tens of thousands | $5 | 18,500 | 19,000 | new entrant | ||||||||||||||||||||
7 | Politics 6 | The Weekly Dish by Andrew Sullivan | tens of thousands | $5 | 16,000 | 17,000 | 9,900 | high growth -- why? cannot immediately see the cause | |||||||||||||||||||
8 | Politics 7 | Slow Boring, by Matthew Yglesias | thousands | $8 | 9,800 | 9,800 | new entrant | 9900 an upper bound for rank 7 -- 9800 in vox https://www.vox.com/recode/22338802/substack-pro-newsletter-controversy-judd-doyle | |||||||||||||||||||
9 | Politics 8 | Popular Information by Judd Legum | tens of thousands | $6 | 12,500 | 11,167 | 8,200 | ||||||||||||||||||||
10 | Politics 9 | The North Star with Shaun King | thousands | $10 | 6,600 | 5,800 | new | Notably left/radical - interesting to see at least some of this being very popular | |||||||||||||||||||
11 | Politics 10 | The Daily Poster | thousands | $10 | 6,000 | 5,200 | new | ||||||||||||||||||||
12 | Politics 11 | Steady by Dan Rather | thousands | $5 | 9,900 | 9,900 | new | Upper bound - should nearly be "tens of thousands" | |||||||||||||||||||
13 | Politics 12 | Persuasion, by Yasha Mounk | thousands | $10 | 4900 | 4,500 | 4,500 | ||||||||||||||||||||
14 | Politics 13 | The Ink, by Anand Giridharadas | thousands | $5 | 8,800 | 8,000 | new | ||||||||||||||||||||
15 | Politics 14 | Common Sense with Bari Weiss | thousands | $5 | 8,000 | 7,600 | new | Bari Weiss: 16,500 subscribers, Oct 2021 https://www.vox.com/recode/2021/10/9/22715506/atlantic-newsletter-subscribers-substack | Warning: this chart is constantly changing as I get more info and/or change my modeling assumptions | ||||||||||||||||||
16 | Politics 15 | Krystal, Kyle & Friends | thousands | $5 | 7,000 | 7,200 | new | I dropped out of a maths degree 15 years ago: aka i am not a statistician :D | |||||||||||||||||||
17 | Politics 16 | The Message Box, by Dan Pfieffer | thousands | $7 | 4,300 | 4,714 | Statisticians: please do borrow & improve | ||||||||||||||||||||
18 | Politics 17 | Press Run, by Eric Boehlert | thousands | $6 | 4,500 | 5,167 | DM @hautepop with intel / builds / disagreement | ||||||||||||||||||||
19 | Politics 18 | Erik Erikson's Confessions of a Political Junkie | thousands | $7 | 3,400 | 4,214 | 3000 | ||||||||||||||||||||
20 | Politics 19 | Gray Mirror by Curtis Yarvin | thousands | $10 | 2,000 | 2,800 | Actual fascist | ||||||||||||||||||||
21 | Politics 20 | Wide World of News by Mark Halperin | thousands | $50 | ????? | 540 | This pricing x "thousands" followers x ranking doesn't add up - I'm going to guess it's a new rate & was previously lower, and/or yearly subs much lower | ||||||||||||||||||||
22 | Politics 21 | Tangle, by Isaac Saul | thousands | $5 | 3,200 | 5,200 | "Brought in $190K its first year" - so I'm too low... https://www.nytimes.com/2021/04/11/business/media/substack-newsletter-competition.html | ||||||||||||||||||||
23 | Politics 22 | Wild, Holy & Free by Austin Channing Brown | thousands | $7 | 2,000 | 3,571 | |||||||||||||||||||||
24 | Politics 23 | Foreign Exchanges | thousands | $5 | 2,550 | 4,800 | |||||||||||||||||||||
25 | Politics 24 | Welcome to Hell World, by Luke O'Neil | thousands | $6.66 | 1,650 | 3,453 | at least 1250 | another leftist substack. was "grossing over $100k annually" (8.3K month / ) by summer 2020 | |||||||||||||||||||
26 | Politics 25 | The Informant by Nick Martin | thousands | $5.99 | 1,670 | ||||||||||||||||||||||
27 | FInance 1 | The Bitcoin Forecast by Willy Woo | thousands | $50 | 1750 | 3,140 | ??? finger in the air here. will chart rank x log revenue & refine | ||||||||||||||||||||
28 | Finance 2 | Jonah's Best Growth Stocks by Jonah Lupton | thousands | $10 | 7000 | 8,000 | |||||||||||||||||||||
29 | Finance 3 | Petition [distressed assets for investors] | thousands | $49 | 1200 | 1,082 | 1000 | Used this as a lower bound back in Aug ('thousands) | |||||||||||||||||||
30 | Finance 4 | Bankless [DeFi, blockchain] | thousands | $22 | 2000 | 1,818 | 1400 | Has nearly doubled its price (was $12 in Aug 20) | |||||||||||||||||||
31 | Finance 5 | The Macro Tourist, by Kevin Muir | thousands | $35 | 1100 | 1,000 | 950 | ||||||||||||||||||||
32 | Finance 6 | Notes on the Crises, by Nathan Tankus | thousands | $10 | 3000 | 2,500 | 2500 | ||||||||||||||||||||
33 | Finance 7 | The Bear Cave, by Edwin Dorsey | hundreds | $44 | 491 | 491 | Author has shared hard numbers, what a mensch https://twitter.com/StockJabber/status/1361428648939696131 | ||||||||||||||||||||
34 | Finance 8 | Rekt Capital | thousands | $6.99 | 2700 | 2,647 | |||||||||||||||||||||
35 | Finance 9 | The Held Report by Dan Held | thousands | $15 | 1100 | 1,100 | |||||||||||||||||||||
36 | Finance 10 | Market Meditations by Koroush AK | hundreds | $17.99 | 800 | 800 | Near a bound | ||||||||||||||||||||
37 | Finance 11 | Snowball by Yoann Lopez | thousands | $7.12 | 1800 | 1,800 | EUR 6 | ||||||||||||||||||||
38 | Finance 12 | Ironsides Macroeconomics | hundreds | $89 | 125 | 129 | Bound | ||||||||||||||||||||
39 | Finance 13 | the Lund Loop | hundreds | $10 | 900 | 990 | Bound | ||||||||||||||||||||
40 | Finance 14 | Crypto Insights by Blockroots | hundreds | $19.90 | 400 | 477 | |||||||||||||||||||||
41 | Finance 15 | Alpha Alarm by Nick Chong | hundreds | $14.99 | 500 | 600 | |||||||||||||||||||||
42 | Tech 1 | Astral Codex Ten, by Scott Alexander | thousands | $10 | 3,500 | new | Reddit reckon 5,500 followers, but by I think that's perhaps too high: power law here maybe isn't perfect Zipf? https://www.reddit.com/r/slatestarcodex/comments/l2zij5/astral_codex_ten_is_now_1_in_the_technology/gkg16d5/?utm_source=reddit&utm_medium=web2x&context=3 | ||||||||||||||||||||
43 | Tech 2 | Exponential View by Azeem Azhar | thousands | $12 | 2100 | 1900 | Claimed 53K total followers in Aug, 59K total now. Assuming same conversion rate | ||||||||||||||||||||
44 | Tech 3 | The Diff, by Byrne Hobart | thousands | $20 | 1150 | 950 | |||||||||||||||||||||
45 | Tech 4 | Insight, by Zeynep Tufekci | thousands | $10 | 2200 | new | |||||||||||||||||||||
46 | Tech 5 | Platformer by Casey Newton | thousands | $10 | 2000 | new | |||||||||||||||||||||
47 | Tech 6 | The Defiant, by Camilla Russo | thousands | $10 | 1900 | ||||||||||||||||||||||
48 | Tech 7 | Newcomer (on VC) | thousands | $15 | 1200 | ||||||||||||||||||||||
49 | Tech 8 | Mule's Musings | hundreds | $20 | 850 | Near upper bound | |||||||||||||||||||||
50 | Tech 9 | Technically, by Justin Gage | hundreds | $8 | 2,000 | ||||||||||||||||||||||
51 | Tech 10 | The Sequence | thousands | $5 | 3000 | "Over 70,000 readers" total | |||||||||||||||||||||
52 | Business 1 | The Pomp Letter, by Andrew Pompliano | thousands | $10 | 4500 | 3000 | Could be higher. Has grown fast. | ||||||||||||||||||||
53 | Business 2 | Lenny's Newsletter, by Lenny Rachitsky | thousands | $15 | 2500 | 1300 | Another fast grower. | ||||||||||||||||||||
54 | Business 3 | Nongaap Investing, by Mike | hundreds | $39 | 800 | new | bound | ||||||||||||||||||||
55 | Business 4 | The Ankler, by Richard Rushfield | thousands | $10 | 2700 | 1800 | |||||||||||||||||||||
56 | Business 5 | DeFi Pulse Farmer | hundreds | $50 | 400 | ||||||||||||||||||||||
57 | Business 6 | The Profile, by Polina Marinova Pompliano | thousands | $10 | 1800 | ||||||||||||||||||||||
58 | Business 7 | Noahpinion, by Noah Smith | thousands | $10 | 1650 | ||||||||||||||||||||||
59 | Business 8 | DirectorMoves, by George Fleck | thousands | $10 | 1500 | ||||||||||||||||||||||
60 | Business 9 | Pulte's Money And Life Thoughts | thousands | $7 | 2100 | ||||||||||||||||||||||
61 | Business 10 | The Fintech Blueprint, by Lex | hundreds | $15 | 900 | useful bound here | |||||||||||||||||||||
62 | Business 11 | Yet Another Value Blog Premium, by Andrew Walker | hundreds | $124.99 | 100 | useful bound here - except need to check risk of weird monthly/annual pricing model. | |||||||||||||||||||||
63 | Business 12 | European Straits, by Nicholas Colin | hundreds | $21.00 | 500 | £15 GBP | |||||||||||||||||||||
64 | Business 13 | Sake Industry News | hundreds | $10 | 850 | ||||||||||||||||||||||
65 | Business 14 | Markting Flow, by Pierre & Megane | hundreds | $10.69 | 700 | EUR 9 | |||||||||||||||||||||
66 | Business 15 | Business Breakdowns by Ryan Reeves | hundreds | $5 | 1300 | ||||||||||||||||||||||
67 | Culture 1 | The Audacity, by Roxane Gay | thousands | $6 | 7,200 | "Audience of 36,000, about 20% of them paying" (April 2021 https://www.nytimes.com/2021/04/11/business/media/substack-newsletter-competition.html) | |||||||||||||||||||||
68 | Culture 2 | Proof, by Seth Abramson | thousands | $5 | 4000 | Subscriber count from About page, 10 March -- credit @nbj914 for the tip! https://sethabramson.substack.com/about | |||||||||||||||||||||
69 | Culture 3 | It Bears Mentioniong, by John McWorter | thousands | $5 | Has just overtaken AHP in around 20 March | ||||||||||||||||||||||
70 | Culture 4 | Culture Study, by Anne Helen Petersen | thousands | $5 | Real shortage of edges to estimate anything from :\ | ||||||||||||||||||||||
71 | Culture 5 | Maybe Baby, by Haley Nahman | thousands | $5 | Wonder if any of them have given nos. to press? | ||||||||||||||||||||||
72 | Culture 6 | Hung Up, by Hunter Harris | thousands | $5 | Dear reader if you have any good ideas please help :) | ||||||||||||||||||||||
73 | Culture 7 | Web Worm ,with David Farrier | thousands | $6.99 | DM me @hautepop | ||||||||||||||||||||||
74 | Culture 8 | Creme de la Creme, by Amintou Sow | thousands | $7 | |||||||||||||||||||||||
75 | Culture 9 | Rich Text, by Claire Fallon & Emma Gray | thousands | $8 | |||||||||||||||||||||||
76 | Culture 10 | SHERO by Amy Vanderpool | thousands | $6 | |||||||||||||||||||||||
77 | Culture 11 | Blackbird Spyplane | thousands | $5 | The second best Substack. | ||||||||||||||||||||||
78 | Culture 12 | The Shatner Chatner, by Daniel Lavery | thousands | $5 | 1800 | Figure given in April NYT article https://www.nytimes.com/2021/04/11/business/media/substack-newsletter-competition.html | |||||||||||||||||||||
79 | Culture 13 | And It Don't Stop, by Robert Cristgau | thousands | $5 | |||||||||||||||||||||||
80 | Culture 14 | Books/Snacks/Softcore, by Samantha Irby | thousands | $5 | |||||||||||||||||||||||
81 | Culture 15 | Power Plays by Lindsay Gibb | thousands | $8 | |||||||||||||||||||||||
82 | News 1 | Sinocism by Bill Bishop | thousands | $15 | 4200 | 7000 | August 2020 estimate was off | ||||||||||||||||||||
83 | News 2 | News Items by John Ellis | thousands | $9 | 2100 | 1400 | Has grown more like 50% than the average 20%ish? since Aug 20? Hm. | ||||||||||||||||||||
84 | News 3 | Charlotte Ledger Business Newsletter | thousands | $9 | 2000 | ||||||||||||||||||||||
85 | News 4 | Top Secret Umbra, by John Schindler | thousands | $15 | 1000 | Lower bound tho | |||||||||||||||||||||
86 | News 5 | The Mill [UK local] | hundreds | $9.69 | 950 | GBP 7 | |||||||||||||||||||||
87 | News 6 | Numlock News | thousands | $5 | 1700 | ||||||||||||||||||||||
88 | News 7 | Yashar's Newsletter by Yashar Ali | thousands | $5 | 1500 | ||||||||||||||||||||||
89 | News 8 | Inside The Newsroom | thousands | $5 | 1300 | ||||||||||||||||||||||
90 | News 9 | Worcester Sucks and I Love It, by Bill Shaner | hundreds | $5 | 950 | bound! Love to get one | |||||||||||||||||||||
91 | News 10 | City Hall Watcher by Matt Elliot | hundreds | $4.51 | 950 | CA 5.65. "Over 900 paying subscribers", Feb 2021 https://nowtoronto.com/culture/toronto-writers-substack-newsletter-now-what-podcast | |||||||||||||||||||||
92 | |||||||||||||||||||||||||||
93 | Substack have very little depth in news - but some interesting experiments in local reporting | ||||||||||||||||||||||||||
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99 | |||||||||||||||||||||||||||
100 |