Amplify with ICNW

Investor Due Diligence Report

by Hannah Jurowicz

ghostPolitics

Amplifying the stories of Northwest Chicagoans impacted by Project 2025 and those helping make it right.

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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

$2K

~345 est. paid subs

$762/mo – $2K/mo(±50%)

Quality & Publishing

Audience Quality Score

49Fair

0100

Publishing Pace

Bi-weekly

0.4 posts/week

Publishing Consistency

65/100

Consistent (~18.1d avg)

Competitive Landscape (Politics)

Newsletter	Subscribers	Weekly Growth	Price	Platform
Quick Update	2M	N/A	Free	substack
Silver Bulletin	345K	+1.4%	$15/mo	substack
Open Letters, from Anne Applebaum	190K	+0.8%	$8/mo	substack
OpenTheBooks	111K	N/A	Free	substack

Revenue Trajectory

Estimated monthly revenue over time

Month	Subscribers	Est. Revenue	Change
Feb 2026	5K	$2,539.58	—
Mar 2026	3K	$1,523.75	-40.0%
Apr 2026	2K	$1,015.83	-33.3%
May 2026	2K	$1,015.83	~0%
Jun 2026	1K	$507.92	-50.0%
Jul 2026	2K	$1,015.83

Risk Assessment

Key risk factors for due diligence

Medium

Platform Dependency

Uses ghost platform

Medium

Publishing Consistency

Variable publishing frequency

Medium

Key Person

Single-author publication — key-person dependency

Low

Revenue Model

Active paid subscription tier

Monetization Readiness

Monetization status

Subscriber threshold

3K subscribers — below the 7K category median (based on 278 newsletters)

Has paid tier

Active paid subscription offering

Peer monetization

57% of 143 similar-size peers in Politics have paid tiers

Pricing position

$5/mo vs $6/mo category median (629 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.