1. Gumroad CEO on Why He’s Moving from Patreon to Substack
In October of 2020, Gumroad CEO Sahil Lavingia announced that he would be moving his personal blog from Patreon to Substack. Lavingia cited a number of reasons for the switch, including Substack’s more generous revenue split and the fact that Substack does not require creators to maintain a certain number of posts per month.
Lavingia is just one of many creators who have made the switch from Patreon to Substack in recent months. Substack has been growing in popularity as a platform for writers, journalists, and other independent content creators. The platform offers a more generous revenue split than Patreon (90% for Substack vs. 70% for Patreon), and does not have the same monthly posting requirements.
For Lavingia, the move to Substack was about more than just the numbers. He also appreciated the fact that Substack allows creators to have more control over the look and feel of their blog. Substack also offers a number of features that Patreon does not, such as the ability to send newsletters to subscribers and the ability to offer paid courses.
Lavingia is just one of many creators who are finding success on Substack. The platform has quickly become a popular destination for independent writers and content creators. With its more generous revenue split and lack of monthly posting requirements, Substack is a appealing option for creators who are looking to take more control of their careers.
2. How Konstantinovic Is Building a Business on Subscriptions
Konstantinovic is building a business on subscriptions. He is the CEO of Gumroad, a company that allows creators to sell their products directly to their fans. He is also the co-founder of Patreon, a platform that allows creators to receive recurring payments from their fans. And he is the founder of Substack, a platform that allows writers to create and sell newsletters.
Konstantinovic’s business model is based on the idea of “recurring revenue.” That is, he allows creators to sell their products on a recurring basis, so that they can receive payments from their fans on a regular basis. This model has a number of advantages for both creators and fans.
For creators, the recurring revenue model allows them to receive a steady stream of income from their fans, which can help them to sustain their creative endeavors. Additionally, the model gives creators a greater degree of control over their income, as they are not reliant on advertising or other forms of third-party funding.
For fans, the recurring revenue model allows them to support the creators they love on a regular basis, and to have a greater degree of control over where their money goes. Additionally, the model allows fans to receive new content on a regular basis, as opposed to waiting for a creator to release a new product.
Konstantinovic’s business model has already proven to be successful. Gumroad has been profitable since 2013, and Patreon is on track to generate $150 million in revenue this year. Additionally, Substack has already paid out $5 million to its newsletter writers.
Looking to the future, Konstantinovic plans to continue to grow his business by expanding into new markets and by offering new services to his creators. He is also planning to launch a new platform, called Podia, that will allow creators to sell their products directly to their fans.
Konstantinovic’s business model is based on the simple idea of recurring revenue. By allowing creators to sell their products on a recurring basis, he has created a model that is both sustainable and beneficial for both creators and fans. With Gumroad, Patreon, and Substack, Konstantinovic has proven that his
3. Why Gumroad Is Betting Big on Substack
Gumroad is betting big on Substack.
The online payment company announced today that it is investing $4.5 million in Substack, a platform that allows writers and other content creators to sell subscriptions to their work.
Gumroad CEO and co-founder Sahil Lavingia said the investment is part of Gumroad’s larger mission to help creators make a living from their work.
“We want to help creators earn a sustainable living from their work,” Lavingia said. “Substack is aligned with that mission, and we’re excited to invest in them.”
Substack has been growing rapidly in recent months, thanks in part to high-profile users like journalist Glenn Greenwald and writer Sarah Jeong. The platform has also been attracting attention from traditional media companies, who are looking for new ways to monetize their content.
Gumroad’s investment will be used to help Substack expand its team and its platform. Substack co-founder and CEO Christopher “Kon” Konstantinovic said the funding will also be used to help the company expand its reach to new creators.
“We’re excited to partner with Gumroad to help more creators build a sustainable business around their work,” Konstantinovic said. “This funding will allow us to continue investing in our platform and reach even more creators.”
Substack has been a popular way for writers to monetize their work in recent years. The platform allows creators to sell subscriptions to their work, and also offers tools for managing subscribers and analytics.
Gumroad’s investment in Substack is part of a larger trend of online payment companies investing in content platforms. In December, for example, Stripe invested $4 million in Substack.
Lavingia said Gumroad’s investment in Substack is part of the company’s larger mission to help creators make a living from their work.
“We want to help creators earn a sustainable living from their work,” Lavingia said. “Substack is aligned with that mission, and we’re excited to invest in them.”
4. How Substack Is Helping Gumroad Grow
As the CEO of Gumroad, I often get asked how Substack has helped us grow. The simple answer is: a lot.
Substack has been an incredible partner for Gumroad. They’ve helped us reach a whole new audience of readers and grow our business in a way that would have been much harder without them.
Here are a few ways Substack has helped us grow:
1. Substack has helped us reach a new audience of readers.
Substack has a huge audience of engaged readers who are interested in new and interesting content. This has helped us reach a whole new audience of potential Gumroad customers.
2. Substack has helped us grow our business.
Substack has been a great partner for Gumroad, helping us reach new customers and grow our business. They’ve also been incredibly supportive, giving us advice and guidance as we’ve grown.
3. Substack has helped us scale our business.
Substack has helped us scale our business by providing us with the tools and infrastructure we need to reach a larger audience. Without Substack, we would have had to build all of this ourselves, which would have been much harder and more expensive.
4. Substack has helped us build a better product.
Substack has helped us build a better product by giving us feedback and suggestions from their team of experts. This has been invaluable in helping us improve Gumroad and make it the best it can be.
Thank you, Substack, for all your help in growing Gumroad!