Raw America
Investor Due Diligence Report
substackMedia
The fastest-growing people powered news network in America. Investigative journalism, analysis and Capitol Hill reporting.
Investor Due Diligence Report
The fastest-growing people powered news network in America. Investigative journalism, analysis and Capitol Hill reporting.
278K
16.5K paid
-0.2%
+1.5%
net growth
Pricing
$8/mo
$80/yr annual option
$105K
16.5K paid subs
$105K/mo – $105K/mo(±0%)
48.4
915.8
0.35%
(comments + likes) / subscribers
Daily
14.6 posts/week
97/100
Very Consistent (~1.0d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| André Carvalhal | 79K | N/A | Free | substack |
| American Crisis | 54K | +1.0% | $8/mo | substack |
| The New York Review of Books | 50K | +2.2% | Free | substack |
| The Entertainment Strategy Guy | 28K | N/A | $15/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Mar 2026 | 260K | $98,389.2 | — |
| Apr 2026 | 260K | $98,389.2 | ~0% |
| May 2026 | 265K | $100,284.48 | ~0% |
| Jun 2026 | 280K | $105,957.6 | +5.7% |
| Jul 2026 | 262K | $99,146.04 | -6.4% |
| Aug 2026 | 272K |
Platform Dependency
Uses substack platform
Publishing Consistency
Regular publishing schedule
Key Person
Single-author publication — key-person dependency
Audience Concentration
Some posts outperform significantly
Subscriber threshold
278K subscribers — above the 3K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 12 similar-size peers in Media have paid tiers
Pricing position
$8/mo vs $6/mo category median (555 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $8 | $80 |
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 | 100/100 | 30% |
| Paid Subscriber Ratio | 100/100 | 25% |
| Growth Consistency | 0/100 | 15% |
| Publishing Consistency | 91/100 | 10% |
| Heretics with Andrew Gold |
| 25K |
| N/A |
| $7.5/mo |
| substack |
| $102,930.24 |
| +3.8% |
| Sep 2026 | 274K | $103,687.08 | ~0% |
| Oct 2026 | 276K | $104,443.92 | ~0% |
Revenue Model
Active paid subscription tier