TinyLetter had a big moment

Four years ago, it was far from accepted that people would pay for newsletters en masse. Today, there are a million reasons to believe this opportunity is larger than anyone guessed. We see no reason why the trend will slow down. Next stop is 10 million subscriptions. And then we keep going.

In Substack’s case, life in the “paid publishing platform” market was rough, because very few people thought they wanted it, and the people who did were locked up by switching costs from the complex systems they rigged together. But competing in the “newsletter platform” market was a dream in comparison. Hamish could email writers on Mailchimp and ... See more

We are in the very earliest days of this shift, but we are happy with the progress so far. Today, we can announce that there are more than 1 million paid subscriptions to publications on Substack.