Patti Smith
Investor Due Diligence Report
substackCulture
The reader is my notebook.
Investor Due Diligence Report
The reader is my notebook.
254K
+0.8%
Insufficient data
22 of 30 days needed
Pricing
$6/mo
$50/yr annual option
$92K
~21.6K est. paid subs
$46K/mo – $137K/mo(±50%)
224.5
1.3K
0.60%
(comments + likes) / subscribers
Weekly
1.5 posts/week
65/100
Consistent (~5.0d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| The Substack Post | 2M | N/A | Free | substack |
| The Parnas Perspective | 900K | +0.2% | $6.49/mo | substack |
| The New Yorker | 626K | +1.0% | Free | substack |
| Story Club with George Saunders | 330K | N/A | $6/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 208K | $75,051.6 | — |
| Mar 2026 | 211K | $76,134.08 | ~0% |
| Apr 2026 | 215K | $77,577.38 | ~0% |
| May 2026 | 225K | $81,185.63 | +4.7% |
| Jun 2026 | 232.5K | $83,893.94 | +3.3% |
| Jul 2026 | 237K |
Platform Dependency
Hosted on substack subdomain
Publishing Consistency
Variable publishing frequency
Key Person
Single-author publication — key-person dependency
Audience Concentration
Consistent engagement across posts
Subscriber threshold
254K subscribers — above the 1K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
87% of 23 similar-size peers in Culture have paid tiers
Pricing position
$6/mo vs $5/mo category median (1990 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $6 | $50 |
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.
Score based on available components only.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 100/100 | 30% |
| Growth Consistency | 94/100 | 15% |
| Publishing Consistency | 47/100 | 10% |
| Books Worth Reading |
| 325K |
| +1.6% |
| $6.99/mo |
| substack |
| $85,515.53 |
| ~0% |
| Aug 2026 | 241K | $86,958.83 | ~0% |
| Sep 2026 | 246K | $88,762.95 | +2.1% |
| Oct 2026 | 251K | $90,567.08 | +2.0% |
Revenue Model
Active paid subscription tier