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Chris Best

๐Ÿ‘ค Speaker
1313 total appearances

Appearances Over Time

Podcast Appearances

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

The reason this matters is because we sort of realized at a certain point, hey, Substack is giving you as a writer or creator these tools to connect directly with your audience and to make money and to do the thing.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And that if you're somebody who already has a huge following, you can kind of pull that audience and bring it to your Substack and that's really good.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And now you're set up in this wonderful way.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

But if you are somebody who aspires to do that, the most important thing is how do you grow?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

How do you find an audience?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

How do people get a chance to fall in love with you in the first place so that they realize they might want to pay?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

This is why I'd like the paywall is like the last thing.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

A lot of people who are very successful on Substack paywall very little.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

It's really about, hey, am I making something that actually reaches people that they find deeply valuable?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And the way that it was working was that the way that writers and creators on Substack would grow is they had to go to all the other social media platforms.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And that's a problem for two reasons.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

One is because now you're still downstream from the incentives on those platforms.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

But if we're saying, hey, we want to create an alternative to the attention economy, but if you want to participate in it, you still have to be really, really good at Twitter, there's a contradiction there.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And the other thing is that, you know, those other platforms don't necessarily want you to be able to connect directly with your audience and take them with you, right?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

If, you know, we got in a big spat with Elon around the launch of Notes and he briefly banned mentioning the word Substack and crushed the links.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

But other, like even, you know, Mark Zuckerberg spent five years mad about the sort of fallout from the Cambridge Analytica thing and sort of, you know, turned, heavily turned down the dial of politics on Facebook, right?

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And that's a fair thing to do.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

But if you're a political journalist who wants to grow on Facebook, that's really tough for you.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

And so there's all of these other networks that creators, writers depend on.

The Prof G Pod with Scott Galloway
First Time Founders: Has Substack Changed Media For Good?

We want them to be able to use them to their maximum.