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by cjbest
1556 days ago
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Thank you for subscribing! The bundle question is interesting. The model right now is really an unbundling. The direct relationship between writers and readers is what makes Substack work: as a writer, your incentive is to earn and keep the trust of the audience who deeply values your work. That's not just a good way to get paid for work you're already doing. It's a model that allows and rewards a fundamentally different and better kind of work that the work you would have to do if you were e.g. trying to please something like the Spotify algorithm. That said, bundle economics are real. And so while we wouldn't and couldn't do some top down bundle, if there were a way to do bundling that maintained the direct connection, and put writers and readers in charge (e.g. writer self federation, or readers buying several subscriptions at once) that could be very interesting in the future. |
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This will offer some genuine benefits to readers (one monthly payment, maybe a discount) and to writers (lower transaction fees, since Stripe has a fixed cost that eats into small payments), but it will also sever the thing that currently makes it possible for authors to leave Substack and take 100% of their paid subscribers with them: every single reader has a unique subscription object in each individual publisher's Stripe account, which can then be ported to any other platform using Stripe. So when writers leave Substack they won't be able to take with them any subscribers who arrived through a bundle.
I think writers won't realise the danger here, and that Substack will therefore be able to lock in writers, against their original promise.
I would be delighted if this didn't happen, and happy to retract this if Chris could just promise that Substack will never do this kind of bundling, even if it's opt-in for publishers.