Top Substack Inc Alternatives, Competitors & Similar Software

Ghost was founded in April 2013, after a very successful Kickstarter campaign to create a new platform focused solely on professional publishing. Their mission is to create the best open-source tools for independent journalists and writers across the world and have a real impact on the future of online media. Today Ghost powers an incredible range of websites; from individual bloggers who are just getting started, to large teams of writers and editors at some of the largest organizations in the world. They've built a sustainable business around a free core application, funded by a premium platform as a service to run it on.

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Beehiiv is a SaaS platform and ad network for newsletter publishers, founded in 2021 by Tyler Denk and two co-founders. The company enables content creators and businesses to send email, grow their audiences, and monetize through three revenue streams: a subscription SaaS fee, an ad network, and a boost co-registration network. As of June 2024, Beehiiv reported approximately $1.2 million to $1.4 million in total monthly revenue, with SaaS MRR of $850,000 to $900,000 and the ad network contributing several hundred thousand dollars per month. The platform had 20,000 active publishers as of the interview date, defined as senders who sent at least one email in the prior 30 days. Those publishers collectively reach roughly 150 million unique subscribers, and the platform delivers approximately 1.3 billion emails per month. Beehiiv raised a $33 million Series B led by NEA in March 2024 at a $225 million valuation, bringing total funding to approximately $49.7 million. Denk, who previously served as a growth engineer at Morning Brew and helped scale that business to $20 million in revenue before its $75 million acquisition, began coding Beehiiv in late 2020 and launched publicly in November 2021. The company is fully remote and, as of the interview, was targeting $1 million in monthly SaaS MRR as its near-term milestone.