The Pragmatic Engineer
Investor Due Diligence Report
by Gergely Orosz
substackBusiness
Big Tech and startups, from the inside. Highly relevant for software engineers, AI engineers and engineering leaders, useful for those working in tech.
Investor Due Diligence Report
by Gergely Orosz
Big Tech and startups, from the inside. Highly relevant for software engineers, AI engineers and engineering leaders, useful for those working in tech.
1.1M
41.3K paid
~0%
Subscriber count is a platform estimate
Insufficient data
29 of 30 days needed
Pricing
$15/mo
$150/yr annual option
$492K
41.3K paid subs
$492K/mo – $492K/mo(±0%)
7.9
179.3
0.02%
(comments + likes) / subscribers
~2x per week
2.5 posts/week
82/100
Very Consistent (~2.9d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| future/proof | 348K | +0.3% | $9/mo | substack |
| SemiAnalysis | 321K | +0.5% | $50/mo | substack |
| Founding Journey | 251K | N/A | $50/mo | substack |
| Pagebound's Substack: Page Against the Machine | 174K | +0.6% | Free | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Jan 2026 | 1M | $458,373.15 | — |
| Feb 2026 | 1.1M | $499,729.05 | +9.0% |
| Mar 2026 | 1.1M | $497,725.65 | ~0% |
| Apr 2026 | 1.1M | $491,906.25 | ~0% |
| May 2026 | 1.1M | $491,906.25 | ~0% |
| Jun 2026 | 1.1M |
Platform Dependency
Operates on custom domain (newsletter.pragmaticengineer.com)
Publishing Consistency
Regular publishing schedule
Key Person
Single-author publication — key-person dependency
Audience Concentration
Some posts outperform significantly
Subscriber threshold
1.1M subscribers — above the 2K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
13% of 15 similar-size peers in Business have paid tiers
Pricing position
$15/mo vs $5/mo category median (930 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Jan 2026 | $15 | $150 |
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 | 62/100 | 30% |
| Paid Subscriber Ratio | 100/100 | 25% |
| Publishing Consistency | 65/100 | 10% |
| 3MTT Lagos Community |
| 117K |
| N/A |
| Free |
| substack |
| $491,906.25 |
| ~0% |
| Jul 2026 | 1.1M | $491,906.25 | ~0% |
| Aug 2026 | 1.1M | $491,906.25 | ~0% |
| Sep 2026 | 1.1M | $491,906.25 | ~0% |
| Oct 2026 | 1.1M | $491,906.25 | ~0% |
Revenue Model
Active paid subscription tier