Note by Mills, 𝔄𝔯𝔠𝔥𝔢𝔱𝔯𝔬𝔫𝔢𝔰𝔰 𝔬𝔣 𝔒𝔟𝔩𝔞𝔩𝔦𝔞 on Substack

The “passion economy” thesis assumes that an audience will want everything a creator brings to market, the way viewers of the “Rachael Ray” show will often buy Rachael Ray cookbooks and cookware. But starting a newsletter does not immediately lead to speaking engagements, and not all writers can generate multiple distinct products. Yglesias told me... See more

On Substack, writers can directly email their audience. Medium is still figuring out their business models; they initially tried ads but now use a subscription model

I'm not so naive to believe that Substack is the answer. It was a historical anomaly that any of us were paid to run fanzines in the first place. But right now, Substack more and more closely resembles the constellation of DIY blogs and websites that made new music so exciting to me 20 years ago.