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Channels with Peter Kafka

Substack CEO Chris Best

Channels with Peter Kafka

Vox Media Podcast Network

Technology, Tv & Film, Business News, News

4.4585 Ratings

🗓️ 6 September 2018

⏱️ 47 minutes

🧾️ Download transcript

Summary

Chris Best, the CEO and co-founder of Substack, talks with the Verge's Casey Newton about how and why writers are starting paid email newsletters. In this episode:01:40 - What is Substack?03:00 - Why email is better than social media06:55 - Readers are nicer on email09:09 - The pioneers of paid email newsletters12:05 - How email compares to podcasting13:54 - How much will people pay for an email?18:32 - What about free newsletters?20:33 - The challenges of running a newsletter22:56 - Curating the rest of the internet25:57 - How often do successful writers send out new newsletters?30:18 - Building a community34:31 - Should paid newsletters get bundled together?38:31 - “The paradox of email” for media companies42:17 - Where is Substack going next? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Today's show is brought to you by ZipRecruiter, which is a presenting sponsor of Recode Media.

0:04.8

You know what's not smart?

0:05.9

Taking selfies while you're driving. You know what is smart? Hiring with ZipRecruiter. ZipRecruiter's powerful technology finds people with the right experience for your job and actively invites them to apply so you get qualified candidates fast. That's why ZipRecruiter is rated number one by employers in the U.S.

0:22.3

Based on Trust Pilot Raining of Hiring Sites with over time, so you get qualified candidates fast. That's why ZipRecruiter is rated number one by employers in the U.S.

0:22.2

based on trust pilot rating of hiring sites with over a thousand reviews. Now our listeners can try it

0:27.7

for free at ZipRecruiter.com slash Peter. That's ZipRecruiter.com slash Peter. ZipRecruiter,

0:33.9

the smartest way to hire. This is Recode Media with Peter Kafka, but I am not Peter Kafka.

0:40.7

I'm Kara Swisher, the editor at large of Recode, and the host of Recode Decode.

0:44.5

Peter is out this week, so in a minute I'm going to pass the microphone to Casey Newton.

0:48.3

But first, here's your weekly reminder.

0:50.5

Tell someone else about this show.

0:52.1

Thanks.

0:52.9

That's all I've got for now.

0:54.0

I'll be back later in the show to read some ads. Take it away, Casey. Thank you, Kara. I am here today with Christopher Best, the co-founder of Substat. Christopher, welcome to Recode Media. Thanks for having me. Can I just call you Chris? That's way easier. By the way, Chris Best, pretty incredible CEO name. Oh, thank you. Is that a real name? I worked hard on it. We workshopped it. We had some focus groups. No, that's my name. Wonderful. Well, cool. I'm excited to talk to you. I am a big fan of email newsletters. Last year I started my own daily email about social networks and democracy, which is called The Interface, which we also publish on The Verge.

1:29.8

But I have learned a lot over that past year about the power of writing a daily email and

1:36.1

kind of cultivating an audience.

1:37.4

And so I wanted to talk to you about substack.

1:40.3

So for folks who may not yet be familiar with what you're doing, tell us what substack is.

1:45.9

So substack really simply is a platform for readers to pay writers directly.

1:50.8

And what that looks like is basically a paid email newsletter.

1:53.6

So you know about the power of the email newsletter as a way to reach people.

1:56.8

You know, you come directly into their inbox.

...

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