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Your newsletter. Your audience. Your revenue.

Publish in a block editor built for writers, grow through a native referral engine, and charge paid subscriptions with zero platform fees. Letterbase is the newsletter stack for independent publishers.

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Issue 85 · The Dispatch

What the Anthropic + Google deal actually means

A 4-minute read for operators, not headline readers.

On Tuesday, Google extended its investment in Anthropic by $2B, bringing the total to $3B across two rounds. The headlines focused on the dollar figure. The actual story is about compute.

Anthropic agreed to use Google Cloud TPUs as its primary training substrate — a reversal from the 2024 AWS-first posture. This is the first time a frontier lab has committed to TPU as the default backend since the original PaLM era.

Three things that follow
  • → TPU v5p utilization at Google jumps into mid-90s
  • → AWS Trainium gets quietly deprioritized for Claude
  • → Azure/OpenAI continues as the only H100-native frontier stack
12,847 subscribers
Features

Everything the newsletter needs. Nothing else.

No forums, no podcasts module, no "community spaces". Six tools — polished until a writer would pay for them twice.

Block editor, not a text box

Compose issues from headings, paragraphs, images, quotes, dividers, buttons and embeds. Built for long-form writers, not blog-post wizards.

AI draft in 20 seconds

Describe the topic and Claude ships a 700-word draft as structured blocks. Edit, don't write from zero.

Zero-fee paid subscriptions

Native Stripe subscriptions with no platform cut. Substack takes 10%. We take zero. You pay the flat plan, keep the rest.

Subscriber CRM, not a list

Tags, segments, tiers, CSV import, bulk actions. Treat your readers like a product audience, not a spreadsheet row.

Public archive with paywall

Every issue gets a beautiful web page at letterbase.com/your-slug. Paid issues paywall after the third block for free readers.

Referral engine + boost network

Built-in referral program with leaderboard, and a cross-promotion network to trade recommendations with 4,800+ creator newsletters.

Monetization engine

Three ways your newsletter makes money.

Every tool below is native. No Stripe Connect approvals, no integrations to wire up, no "upgrade to Business for referrals" upsell.

01 · Paid subscriptions

Stripe, zero fees

Flip a toggle, set your price ($5 to $500/mo), and connect a Stripe account. We never take a cut — you pay only Stripe's 2.9% + 30¢.

Monthly price$12.00
Paying subscribers284
Platform fee$0.00
MRR (you keep)$3,408
02 · Referral program

Readers do the growth

Every subscriber gets a unique referral link. Hit 3, 10, 25 referrals → unlock digital rewards you define. Leaderboard + progress widget embed right in email.

1Elena Vasquez47 refs
2Marcus O'Brien31 refs
3Priya Krishnan24 refs
03 · Boost network

Cross-promote, get paid

Recommend aligned newsletters inside your welcome email. Earn per confirmed subscriber. Opt in to outbound boosts to grow or outbound boosts to cash out.

The Protocol· Crypto$1.80 / sub
Design Details· Design$2.20 / sub
Operator's Brief· SaaS$2.80 / sub
How it works

From signup to first paid subscriber in one afternoon.

01

Claim your slug

Pick a publication name and slug in 30 seconds. Your archive goes live at letterbase.com/your-name.

02

Draft with blocks (or AI)

Write issue-by-issue in the block editor, or let Claude draft the skeleton and you edit the voice in.

03

Send, grow, monetize

One-click send via Resend to every subscriber. Flip paid subscriptions on when you're ready — no fees, no approvals.

Letterbase vs Substack

The side-by-side operators actually ask for.

Feature
Letterbase
Substack
Revenue fees on paid subs
0%
10%
Referral program (native)
Boost / cross-promo network
CSV subscriber import
Full data export (MDX + CSV)
AI draft assistant
Custom sending domain
Pro only
Per-block paywall
Paragraph only
What creators say

Writers with audiences who made the switch.

Moved The Morning Stack from Substack in one afternoon. 8,400 readers migrated, open rate went from 41% to 53%, and I stopped giving up $680/mo in platform fees on day one.
Nadia Ferreira
Nadia Ferreira
Editor, The Morning Stack
Launched a paid tier at $12/mo on a Tuesday. Had 146 paying subscribers by Sunday — that's $1,752 MRR on a newsletter I'd been running unpaid for two years. The paywall preview on the archive converts like nothing else.
James Whitmore
James Whitmore
Founder, Protocol Weekly
The block editor is the first one I don't fight. Claude drafts the news roundup, I rewrite the commentary, and I'm done in 40 minutes instead of three hours. Reclaimed my Sundays.
Yuki Tanaka
Yuki Tanaka
Newsletter Editor, The Dispatch
Pricing · 0% revenue fees

Flat monthly. Keep 100% of subscription revenue.

Substack's 10% fee on a $10K MRR list costs you $12,000/year. Our Pro plan costs $2,388/year. Do the math.

Creator

For writers launching their first paid newsletter.

$29/mo
0% revenue fees · always
  • Up to 10,000 subscribers
  • Unlimited issues & archives
  • AI draft assistant (Claude)
  • Paid subscriptions (0% fee)
  • Custom from-name + reply-to
Start with Creator
Most popular
Publisher

For publications scaling past their first 10K readers.

$79/mo
0% revenue fees · always
  • Up to 50,000 subscribers
  • Everything in Creator
  • Referral program + leaderboard
  • Boost network access
  • CSV import + segment tags
  • Open-rate & click analytics
Choose Publisher
Pro

For full-time operators with a list and a P&L.

$199/mo
0% revenue fees · always
  • Unlimited subscribers
  • Everything in Publisher
  • Multiple publications
  • Team seats (5 editors)
  • Priority deliverability review
  • Dedicated Slack support
Choose Pro
FAQ

Questions we actually get.

Substack takes 10% of every paid subscription forever. Letterbase charges a flat monthly plan — $29 to $199 — and we take 0% of subscription revenue. On a $10k MRR newsletter, you keep an extra $1,000/month with us.