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Investor Due Diligence Report
substackPolitics
Opening the future by understanding the past.
Investor Due Diligence Report
Opening the future by understanding the past.
454K
27K paid
-0.2%
-1.3%
net churn
Pricing
$7.5/mo
$75/yr annual option
$161K
27K paid subs
$161K/mo – $161K/mo(±0%)
81.3
1.4K
0.32%
(comments + likes) / subscribers
~2x per week
2.4 posts/week
65/100
Consistent (~3.1d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Pete Buttigieg's Substack | 982K | N/A | Free | substack |
| Drop Site News | 817K | -0.1% | $12/mo | substack |
| Brian Tyler Cohen | 593K | -0.2% | $5/mo | substack |
| Civil Discourse with Joyce Vance | 592K | -0.2% | $6/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 427K | $248,868.79 | — |
| Mar 2026 | 437K | $254,700.11 | +2.3% |
| Apr 2026 | 446K | $259,947.11 | +2.1% |
| May 2026 | 449K | $261,694.13 | ~0% |
| Jun 2026 | 452.5K | $263,733.3 | ~0% |
| Jul 2026 | 455K |
Platform Dependency
Hosted on substack subdomain
Publishing Consistency
Variable publishing frequency
Key Person
Single-author publication — key-person dependency
Audience Concentration
Some posts outperform significantly
Subscriber threshold
454K subscribers — above the 7K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 23 similar-size peers in Politics have paid tiers
Pricing position
$7.5/mo vs $6/mo category median (702 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $8 | $75 |
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 | 89/100 | 15% |
| Publishing Consistency | 29/100 | 10% |
| Adam Kinzinger |
| 497K |
| +0.2% |
| $9/mo |
| substack |
| $265,188.15 |
| ~0% |
| Aug 2026 | 460K | $268,103.81 | ~0% |
| Sep 2026 | 460K | $268,103.81 | ~0% |
| Oct 2026 | 454K | $264,609.79 | ~0% |
Revenue Model
Active paid subscription tier