{"podcast":{"title":"Business Models Explained with Fexingo: Subscription, Marketplace, SaaS, and Service Companies","slug":"business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638","podcast_index_feed_id":7871638,"rss_url":"https://feeds.fexingo.com/business/business-models-explained.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/business-models-explained/cover.png","author":"Fexingo","episode_count":122,"summary":"Subscription models, marketplaces, SaaS, and service companies each have distinct unit economics, growth levers, and competitive moats. In this show, Lucas and Luna dissect how businesses like Netflix, Uber, Salesforce, and McKinsey actually make money — comparing CAC, LTV, churn rates, and contribution margins. Lucas brings journalistic rigor, cross-referencing financial filings and case studies; Luna challenges assumptions about scalability, pricing power, and customer lock-in. Each episode centers on a single model or a head-to-head comparison, avoiding fluff for concrete numbers. This is for listeners who want to understand why some subscription businesses fail while others thrive, why marketplace liquidity matters more than user count, or how SaaS companies balance growth against profitability. No founder hype, no generic advice — just the mechanics behind real companies. How do you choose the right model for a new venture? When should a marketplace pivot to managed services? What makes a subscription truly sticky? #SubscriptionModel #MarketplaceBusiness #SaaS #ServiceCompany #UnitEconomics #CAC #LTV #ChurnRate #ContributionMargin #Netflix #Uber #Salesforce #McKinsey #Busines…","last_synced_at":"2026-07-19T04:18:57.843124+00:00","page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638"},"episode":{"title":"How Substack Built a Paid Newsletter Platform","slug":"how-substack-built-a-paid-newsletter-platform","published_at":"2026-07-12T04:52:41+00:00","page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/how-substack-built-a-paid-newsletter-platform","show_page_url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638","url":"https://audio.fexingo.com/business/business-models-explained/episode-0109.mp3","audio_url":"https://audio.fexingo.com/business/business-models-explained/episode-0109.mp3","summary":"In episode 109 of Business Models Explained, Lucas and Luna unpack the economics of Substack — the platform that turned email newsletters into a viable subscription business. They trace how Substack's 'take rate' of 10 percent compares to other creator platforms, why the company pays writers upfront advances, and whether its model can survive as competition from platforms like Ghost and Patreon intensifies. Lucas digs into the specific numbers: how a writer earning $100,000 in subscriptions keeps $90,000, how Substack's 10 percent cut compares to YouTube's 45 percent and Patreon's 8 to 12 percent, and why the company's bet on 'portfolio writers' — like the team behind Everything Bundle — signals a shift toward network effects. Luna pushes back on the sustainability of advances, noting that Substack reportedly spent millions on deals that haven't yet paid off. The hosts also explore the tension between newsletter discoverability (which Substack lacks) and stickiness (which it has). Recorded July 12, 2026. #Substack #NewsletterBusiness #CreatorEconomy #SubscriptionModel #PaidNewsletters #ChrisBest #HamishMcKenzie #EverythingBundle #TakeRate #WriterAdvances #GhostPlatform #Patreon #StripeIntegration #EmailNewsletters #BusinessModel #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In episode 109 of Business Models Explained, Lucas and Luna unpack the economics of Substack — the platform that turned email newsletters into a viable su…","key_points":[],"chapters":[],"topics":[],"duration_seconds":656,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/episodes/how-substack-built-a-paid-newsletter-platform/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/business-models-explained-with-fexingo-subscription-marketplace-saas-and-service-companies-7871638/how-substack-built-a-paid-newsletter-platform.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}