Adam Thompson Photgraphy

Investor Due Diligence Report

by Adam Thompson

ghostCulture

Learn photography, brush up on your outdoor skills, and keep up with the latest trip reports from Adam Thompson, a Colorado-based fine art landscape photographer.

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Key Metrics

Subscribers

Low confidence

Weekly Growth

~0%

Subscriber count is a platform estimate

Revenue Analysis

Pricing

$5/mo

$50/yr annual option

Est. Monthly Revenue

$442

~100 est. paid subs

$221/mo – $663/mo(±50%)

Quality & Publishing

Audience Quality Score

50Fair

0100

Publishing Pace

Previously Weekly

1.0 posts/week

Publishing Consistency

79/100

Consistent (~8.4d avg)

Competitive Landscape (Culture)

Newsletter	Subscribers	Weekly Growth	Price	Platform
The New Yorker	626K	+1.0%	Free	substack
Books Worth Reading	325K	+1.6%	$6.99/mo	substack
This Day In History	308K	+1.3%	$5/mo	substack
The Booker Prizes	270K	+0.2%	Free	substack

Revenue Trajectory

Estimated monthly revenue over time

Month	Subscribers	Est. Revenue	Change
Mar 2026	2K	$883.33	—
Apr 2026	1K	$441.67	-50.0%
May 2026	1K	$441.67	~0%
Jun 2026	1K	$441.67	~0%
Jul 2026	1K	$441.67	~0%

Risk Assessment

Key risk factors for due diligence

Medium

Platform Dependency

Uses ghost platform

Low

Publishing Consistency

Regular publishing schedule

Medium

Key Person

Single-author publication — key-person dependency

Low

Revenue Model

Active paid subscription tier

Monetization Readiness

Monetization status

Subscriber threshold

1K subscribers — above the 1K category median for first paid tier

Has paid tier

Active paid subscription offering

Peer monetization

55% of 442 similar-size peers in Culture have paid tiers

Pricing position

$5/mo vs $5/mo category median (1990 newsletters)

Pricing History

Date	Monthly	Annual
Mar 2026	$5	$50

Data Quality

Report Data QualityPartial - Some metrics estimated or missing

Subscriber Confidencelow

Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.