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Can Substack CEO Chris Best build a new model for journalism?
Decoder with Nilay Patel
Managing financial risk with subscription strategies
Financial stability for writers can be achieved through experimenting with strategies such as advances, where the risk is shared. By offering advances, writers are supported to kickstart their independence, with the guarantee that they do not owe anything if they don't make the money back within a certain period. This approach ensures financial stability while allowing writers to maintain ownership of their content and audience.
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