The New Liberal Podcast The Future of Substack ft. Hamish McKenzie
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Dec 16, 2024 
Hamish McKenzie, co-founder of Substack and an advocate for independent publishing, discusses the platform's unique role in the media landscape. He compares Substack to traditional media, emphasizing the importance of creator-audience relationships. The conversation dives into content moderation challenges, contrasting Substack's subscription model with ad-driven social platforms like TikTok. McKenzie also highlights future opportunities for independent voices in journalism, while examining unique Substack content that reflects diverse cultural insights.
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Substack's Core Function
- Substack is a publishing platform focused on paid subscriptions.
- Creators own their content, mailing lists, and payment relationships.
Substack's Evolving Identity
- Substack's identity is in flux, between a neutral tech platform and a social network.
- This tension affects content moderation and user experience.
Substack's Business Model and its Implications
- Substack's business model, focused on subscriptions, inherently promotes trust and deeper connections.
- This model allows for decentralized moderation where users control their experience.