Tech newsletter ‘Newcomer’ achieves landmark success amidst internal growth

Tech Newsletter ‘Newcomer’ Achieves Landmark Success Amidst Internal Growth

In a notable success story emerging from the tech industry, Eric Newcomer, a journalist and entrepreneur, has detailed the impressive growth of his self-titled newsletter. Launched four years ago, the newsletter ‘Newcomer’ has flourished into a thriving enterprise, now reporting $2 million in annual revenue, with a projected target to reach $4 million by 2025.

In a comprehensive update shared by Newcomer, the publication has made significant strides in its financial and operational achievements. For the year 2023, ‘Newcomer’ generated $1.6 million in revenue, translating into a net income of $712,000. This financial performance highlights the business’s robust model and its capacity to sustain profitability in a competitive media landscape.

Key to this evolution has been strategic personnel appointments and workflow adjustments designed to streamline operations and enhance productivity. Earlier this year, the organisation expanded its team by hiring Madeline Renbarger, previously from Business Insider, marking the introduction of the first non-reporter role within the enterprise. This move was accompanied by an internal promotion as Riley transitioned from the role of chief of staff to leading the business side of ‘Newcomer’.

The editorial quality of the publication has been bolstered by the part-time involvement of Jonathan Weber, a respected figure in journalism with prior experience as editor-in-chief at both the Industry Standard and the SF Standard. Complementing the core team, Allie Kerr, former head of community at NFX, is engaged part-time to orchestrate ‘Newcomer’ events, while Christopher Gates, who was instrumental in launching TechCrunch’s Equity Podcast, is contributing to the relaunch of the ‘Newcomer’ podcast.

A testament to both consistent quality and personal touch, Eric Newcomer’s mother continues to offer her expertise as a dedicated proofreader, maintaining her involvement since the inception of the newsletter. The enterprise has also served as a learning platform for upcoming talent, having employed five paid interns over the past four years.

In operational enhancements, ‘Newcomer’ recently transitioned its communications from WhatsApp to Slack, reflecting its growth from an informal, remote setup to a more structured business operation.

Newcomer described the upcoming flagship conference, scheduled to take place in less than a month, as a pivotal event for the business. Anticipated contracts associated with the conference are forecasted to contribute substantially, propelling this year’s profits beyond $1 million.

As ‘Newcomer’ celebrates its fourth anniversary, Newcomer expresses a sense of accomplishment and validation regarding the business’s evolution into a formidable entity within the tech industry. With ambitious targets and a clear roadmap, the newsletter stands poised for continued success in the coming years.

Source: Noah Wire Services