Democracy Notes
Investor Due Diligence Report
substackPolitics
Gabe Lerner's favorite finds from across the US democracy space.
11K
770 paid
~0%
Subscriber count is a platform estimate
Insufficient data
21 of 30 days needed
Pricing
$9/mo
$90/yr annual option
$6K
770 paid subs
$6K/mo – $6K/mo(±0%)
8.0
0.07%
(comments + likes) / subscribers
Weekly
1.0 posts/week
Score based on available components only.
| Component | Score | Weight |
|---|---|---|
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Oligarch Watch | 49K | N/A | $7/mo | substack |
| Trump Tyranny Tracker | 41K | N/A | $7/mo | substack |
| Democracy Docket | 39K | N/A | Free | substack |
| CJ Hopkins | 33K | N/A | $5/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Mar 2026 | 11K | $6,339.33 | — |
| Apr 2026 | 11K | $6,339.33 | ~0% |
Platform Dependency
Hosted on substack subdomain
Key Person
Single-author publication — key-person dependency
Revenue Model
Active paid subscription tier
Subscriber threshold
11K subscribers — above the 6K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 270 similar-size peers in Politics have paid tiers
Pricing position
$9/mo vs $6/mo category median (1237 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $9 | $90 |
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.
| Engagement Rate |
| 10/100 |
| 30% |
| Paid Subscriber Ratio | 75/100 | 25% |
| History of the Present |
| 30K |
| N/A |
| $6/mo |
| substack |