The Bear Cave
Investor Due Diligence Report
by Edwin Dorsey
substackFinance
Exposing Corporate Misconduct.
Investor Due Diligence Report
by Edwin Dorsey
Exposing Corporate Misconduct.
87K
2.5K paid
+0.6%
+1.2%
net growth
Pricing
$64/mo
$640/yr annual option
$112K
2.5K paid subs
$112K/mo – $112K/mo(±0%)
0.4
66.4
0.08%
(comments + likes) / subscribers
Weekly
1.1 posts/week
65/100
Consistent (~6.5d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Benzinga | Ring The Bell | 814K | N/A | Free | substack |
| Unusualwhales Newsletter | 386K | -0.3% | $10/mo | substack |
| Stephen Leeb, PhD > Turbulent Times Investor | 356K | -0.1% | Free | substack |
| Belanger Trading | 326K | N/A | $1,400/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Jan 2026 | 85.3K | $125,730 | — |
| Feb 2026 | 85.3K | $125,820 | ~0% |
| Mar 2026 | 86.2K | $127,080 | ~0% |
| Apr 2026 | 86K | $126,855 | ~0% |
| May 2026 | 86K | $126,855 | ~0% |
| Jun 2026 | 87K |
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
87K subscribers — above the 3K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 27 similar-size peers in Finance have paid tiers
Pricing position
$64/mo vs $12/mo category median (1207 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Jan 2026 | $64 | $640 |
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 | 44/100 | 30% |
| Paid Subscriber Ratio | 47/100 | 25% |
| Publishing Consistency | 67/100 | 10% |
| The Simple Side |
| 200K |
| N/A |
| $30/mo |
| substack |
| $128,295 |
| ~0% |
Revenue Model
Active paid subscription tier