setting the scene
- this week, you may notice things are looking a little different in your inbox
- we underwent some renovations ๐จ
- our newly designed newsletter makes it even easier and faster to read your weekly bulletpitch
- curious to know the architect behind our revamp? this week’s company is all the buzz
in a sentence
beehiiv is a newsletter platform that provides tools for creators to send out customized content and scale their audiences
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platform: write content, distribute via email and a web feed, and receive analytics for each post
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customize: personalize every component of the newsletter for a differentiated design
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scale: custom tools like referral programs and subscriber segmentation help creators understand and grow their audiences
bulleted version: ever wonder how newsletters get to your email? beehiiv pollinates your inbox with your favorite content (like bulletpitch) ๐
the basics
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industry: creator economy, publishing, media & entertainment
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headquarters: New York, NY ๐
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year founded: 2021
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company size: < 10 employees ๐ผ
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investors: Social Leverage, 35V, Company Ventures, Scott Galloway, Adam Ryan, Adventure Fund, Anna Palmer, Ben Kaplan, Brian Morrissey, Elliot Tebele, Bullish Studio, Creator Rising, Creator Ventures, Jake Sherman, Jason Yanowitz, Rabil Ventures, Spice Capital Advisors
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amount raised: 2.6m
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stage: seed ๐ฑ
due diligence
what we like
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๐unbeelievable innovation: several new features are added to the platform every month
- beehiiv’s ambitious product roadmap demonstrates an understanding of creators’ needs and a value for customer feedback
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โ๏ธnewsletter market: newsletters are fueling the creator economy as an effective way to connect writers and audiences
- last year, 87% of publishers increased newsletter investment
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๐built for growth: content writers are joining beehiiv by the thousands, and the platform’s growth-focused features are a key differentiator
- we’re particularly excited about the referral program (more to come ๐)
potential risks
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๐ฐbetting on migration: dozens of newsletter senders exist today
- with low switching costs, beehiiv will have to sell their strengths and continue catering to creators’ needs to grow the platform
- ๐ฐmaking the switch: while switching from a competitor is a quick process, creators lose previous analytics and must adjust to platform differences
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๐ฒpricing: beehiiv lets newsletter writers keep 100% revenue from paid subscribers, challenging Substack’s model
- will subscription revenue be enough to sustain the company’s top line?
weekly cartoon
in partnership with
- there are nearly 30,000 restaurant owners in the US alone
- too many of these entrepreneurs use old-school ways to order from various suppliers (think fax machine, pen and paper, and phone calls), which is time-consuming, error-prone, and often leaves the restaurant with excess supply
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Choco, the recent unicorn operating in markets across Europe and the US, is here to provide the all-in-one platform to streamline communication and order management between restaurants and suppliers
founder profiles
comps
why beehiiv: advanced newsletter customization, a referral program, superior analytics, and no fee for paid content
- sign us up! oh wait…we’re already here ๐