Sachin Monga: belief

Transcript context

…Is there any stats you can share about just the impact it's having, what it's done to Substack? Yeah, sure. Recommendations specifically now have driven in the millions of new subscriptions for writers across the board, across I think like tens of thousands of unique writers that have received subscriptions from the recommendations feature. Of course, recommendations in particular are still just one component in this broader basket of network driven discovery. I think we recently shared the stat, more than one in three new subscriptions across Substack are coming from the Substack network and around one in 10 paid subscriptions now too. But these numbers are just, as you can imagine, growing up and to the right, getting stronger every day, and I think we'll have some more interesting stats to share on that soon. Awesome. One thing I wanted to acknowledge, I think some people worry about this feature that it drives lower intent users. I find that not to be true. They're definitely lower intent, but it's not meaningfully and significantly. The fact that 70% of my user growth comes from this feature and my open rates have only come down a little bit, it says a lot about it. It's like useful really in tenfold people as much as it can be from someone that hasn't actually been planning to subscribe and just recently found out about it. It's really impressive how high intent they are all things considered.…

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