Investor Due Diligence Report
by Richard Hanania's Newsletter
Foreign policy, American politics, and social science.
42K
4.2K paid
~0%
Subscriber count is a platform estimate
Insufficient data
12 of 30 days needed
Pricing
$7/mo
$70/yr annual option
$23K
4.2K paid subs
$23K/mo – $23K/mo(±0%)
35.3
83.3
0.28%
(comments + likes) / subscribers
~3x per week
2.6 posts/week
66/100
Consistent (~2.9d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Thinking about... | 439K | +0.2% | $7.5/mo | substack |
| Public Notice | 274K | +0.2% | $6/mo | substack |
| Lucid | 210K | N/A | $5/mo | substack |
| The Last Ward | 119K | +4.1% | $10/mo | substack |
| Phillips’s Newsletter |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 42K | $26,878.95 | — |
| Mar 2026 | 42K | $26,878.95 | ~0% |
Platform Dependency
Uses substack platform
Publishing Consistency
Variable publishing frequency
Key Person
Single-author publication — key-person dependency
Audience Concentration
Some posts outperform significantly
Subscriber threshold
42K subscribers — above the 6K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 129 similar-size peers in Politics have paid tiers
Pricing position
$7/mo vs $14.21/mo category average (1188 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $7 | $70 |
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 | 39/100 | 30% |
| Paid Subscriber Ratio | 100/100 | 25% |
| Publishing Consistency | 32/100 | 10% |
| 112K |
| +0.5% |
| $8/mo |
| substack |
Revenue Model
Active paid subscription tier