The Ledger, every show

Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.

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20VC Assertion Supported
Best: Consumers pay more for single Substack writers than Netflix subscriptions
“People are willing to pay more to subscribe to one writer on Substack than they'll pay for, like, Netflix, because this sort of relationship that they've built up over time reading somebody has so much value to them.”
Chris Best Jun 12, 2020 ▶ 17:15 20VC: Substack Founder Chris Best on The Future of Public Journalism, Why The Economics Of Attention Have Been Flipped & Why Micropayments For Content Will Not Work
Y COMBINATOR Prediction Didn’t hold up
Best: Newsletters will replace social feeds for news within five years
“I think the answer is it won't replace the social network aspect of it. The thing that Facebook and the social networks are great at is having the relationship between you and like the people, you know, in real life... The part of it that should absolutely be …”
Chris Best May 15, 2019 ▶ 35:53 Monetizing Podcasts and Newsletters - Chris Best of Substack and Jonathan Gill of Backtracks · Y Combinator
Y COMBINATOR Prediction Didn’t hold up
Best: Podcast ad rates per download will drop significantly
“I suspect as I kind of hinted before that there's a lot of podcast advertising that's in a little bit of like an emperor's new clothes state where like too much is it's overpriced. And because there's just not metrics there, it's just like waiting for like som…”
Chris Best May 15, 2019 ▶ 40:40 Monetizing Podcasts and Newsletters - Chris Best of Substack and Jonathan Gill of Backtracks · Y Combinator
HOW I BUILT THIS Assertion Supported
Best: Kik launched a cryptocurrency to solve free messenger monetization
“In part to raise money, and in part kind of like as a, in answer to the question, what do you do if you have a very popular messenger that lots of people use, but you don't know how to make money from it?”
Chris Best May 12, 2025 ▶ 12:16 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: Facebook charged creators to build audiences then charged again for reach
“And this had happened with Facebook pages at this point. They created a thing where people spent all this money getting people to like their Facebook page on the assumption that that meant they'd built up an audience. And then they said, oh, just kidding. Actu…”
Chris Best May 12, 2025 ▶ 35:12 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: First publisher Bill Bishop made six figures on day one
“Bill's launch happened. And we had no, I had no idea what to expect, but he made like six figures his first day through this like duct taped, like stripe setup that I had built in the preceding weeks.”
Chris Best May 12, 2025 ▶ 42:43 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: Substack traffic from Twitter had steadily declined for years by 2023
“By the time it went down, the share of Substack traffic that was coming from Twitter had been on a steady decline for years.”
Chris Best May 12, 2025 ▶ 1:08:34 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: Substack has surpassed 5 million paid subscriptions
“I think we can say there's over five million now.”
Chris Best May 12, 2025 ▶ 1:09:42 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Partly supported
Best: Kik Messenger was used by 40% of US teenagers
“I mean, at one point, there was, I think, 40% of U.S. Teenagers were using Keck for a few years.”
Chris Best May 12, 2025 ▶ 8:42 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: Substack grew roughly sixfold during the first year of the pandemic
“I mean, we grew something like six X in that first year of the pandemic.”
Chris Best May 12, 2025 ▶ 54:39 Substack: Chris Best and Hamish McKenzie
HOW I BUILT THIS Assertion Supported
Best: Substack operates with approximately 100 employees
“About a hundred.”
Chris Best May 12, 2025 ▶ 1:12:48 Substack: Chris Best and Hamish McKenzie
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