Ice Frontiers

Investor Due Diligence Report

ghostEducation

Learning to Live with Climate Uncertainty

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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%)

Engagement

Avg Comments/Post

0.1

Engagement Rate

0.01%

(comments + likes) / subscribers

Quality & Publishing

Audience Quality Score

45Fair

0100

Publishing Pace

~2x per week

2.4 posts/week

Publishing Consistency

79/100

Consistent (~3.1d avg)

Competitive Landscape (Education)

Newsletter	Subscribers	Weekly Growth	Price	Platform
University of Austin	42K	N/A	Free	substack
Minding the Gap	24K	N/A	Free	substack
Play Makes Us Human	20K	N/A	$5/mo	substack
Fab Fridays	19K	N/A	Free	substack

Revenue Trajectory

Estimated monthly revenue over time

Month	Subscribers	Est. Revenue	Change
Feb 2026	5.5K	$2,429.17	—
Mar 2026	1K	$441.67	-81.8%
Apr 2026	1K	$441.67	~0%
May 2026	1K	$441.67	~0%
Jun 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 — below the 1.5K category median (based on 260 newsletters)

Has paid tier

Active paid subscription offering

Peer monetization

100% of 208 similar-size peers in Education have paid tiers

Pricing position

$5/mo vs $5/mo category median (493 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.

Component	Score	Weight
Engagement Rate	27/100	30%
Publishing Consistency	78/100	10%