[cjbest]

We were not totally surprised.

One of the good things Substack can do is put competitive pressure on traditional outlets. If people want to go independent, having a good way to do so helps them. But also that possibility creates pressure on existing institutions to give writers more freedom, pay them better, etc. etc. I don't think it's a coincidence that you see more legacy publishers starting "newsletter" divisions that give writers more leeway. All of this is good for writers in our minds and we're happy for it.

[gnicholas]

If you had launched as a mobile app/website with written content, you would not have been as differentiated as you were as a newsletter-focused organization. You've always had a website, and now you're building mobile apps.

Do you think that in a few years, people will look at the the early days, in which you were thought of as a newsletter-based company, as analogous to Netflix's early days, where they were thought of as a DVD-by-mail company? I notice that like Netflix, you didn't pick a name that is tied to your first incarnation.