The Ledger

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Lessin: Newsletter Platforms Like Substack Have No Long-Term Margins

“And the problem is, is, like, those are, that's shared infrastructure, but just shared infrastructure, and it's too easy to copy, right? And so, like, there's just, like, no margin long-term in it.”

Sam Lessin Jul 11, 2025 ▶ 28:49 #107 Crypto Isn’t for Everyone (And That’s a Good Thing) with Anatoly Yakovenko · More or Less Podcast

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The Ledger

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