Azeem Azhar
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah.
We've been there a long time.
I think we were the second or third paid, uh, sub stack.
Eight or nine years?
Yeah.
Yeah.
We just, we just, I just crank it out.
Um, and you know, we've got to know the team really, really well and see how they mature.
Um, they are a really, really great founding team.
Very responsive.
They make mistakes.
They learn from their, their mistakes.
they have had an inflection point.
You know, they had about a million paying subscribers across the board a year or so ago.
They're up at 5 million now.
And the model is that they take 10% of the revenue from each subscription.
One of the things that struck me, and this does connect in a sense to our questions of trust and business models, is that
You know, Substack-funded pundits like me are being paid to be believed, right?
It's about my reputation.
It is moving from a world of selling attention to advertisers to selling conviction to subscribers.