Beehiiv — Net Worth and Career Earnings
Beehiiv is a newsletter platform with estimated annual recurring revenue of approximately $30 million, growing at approximately 100% year-on-year as it takes market share from Substack through a fundamentally different pricing model. While Substack takes 10% of all subscription revenue, Beehiiv charges a flat SaaS fee and allows creators to keep 100% of their subscription income — a structural advantage that becomes increasingly significant as newsletters grow larger.
Founded in 2021 by Tyler Denk, Benjamin Hargett and Jake Hurd — all alumni of Morning Brew, the newsletter business sold to Business Insider for $75 million — Beehiiv was built by people who understood the newsletter creator's perspective from the inside. The platform offers superior analytics, monetisation tools including boosts (paid newsletter recommendations) and an advertising network, and custom domain support that gives creators full ownership of their audience relationship. These features, combined with the no-cut pricing model, have made it the preferred platform for newsletter entrepreneurs optimising for long-term income rather than platform distribution.
Beehiiv raised $33 million in a Series B led by NEA. The company's growth has accelerated as its boosts network — which allows larger newsletters to get paid for recommending smaller ones — has created a flywheel that generates both discovery and revenue for participants. The newsletter platform market is large and growing, driven by creator economy trends and media industry disruption, making Beehiiv's competitive positioning increasingly valuable as the category scales.