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Jake Hurd (from left), Tyler Denk and Benjamin Hargett. Photo: Courtesy of beehiiv

A group of former Morning Brew employees says they've raised a seed round to launch a new newsletter platform called beehiiv.

Why it matters: The group enters a crowded field. Facebook and Twitter have already launched their Substack rivals. Google is reportedly experimenting with newsletters as well.

Details: The new company is led by Morning Brew alums Tyler Denk, Benjamin Hargett and Jake Hurd. The seed round is led by Social Leverage and other funds as well as angel investors.

  • Beehiiv is looking to differentiate itself by focusing on making it easier for smaller creators to monetize their work, instead of focusing on the top 1% of creators that already have big audiences.
  • The company's tech is in a private beta, Denk says, "with several dozen active senders on the platform and several hundred people on the waitlist."

What's next: It plans to open up access more broadly by November.

Go deeper

Nov 15, 2021 - Technology

Substack says it has more than 1 million paid subscriptions

Illustration: Annelise Capossela/Axios

Substack on Monday said there are more than 1 million paid subscriptions to publications on its platform, up from about 250,000 last December.

Why it matters: Substack's growth underscores the willingness of audiences to pay for content from their favorite writers directly — a trend that's been expedited by the pandemic.

Rep. Lamborn may have misused official resources, ethics panel alleges

Rep. Doug Lamborn departs from a news conference held by the House Republican Israel Caucus on May 19, 2021 in Washington, D.C. Photo: Caroline Brehman/CQ-Roll Call, Inc via Getty Images

Congressional ethics investigators said Monday there is "substantial reason" to believe that Rep. Doug Lamborn (R-Colo.) misused official resources and solicited or accepted improper gifts from subordinates.

Driving the news: Lamborn's aides told investigators they were often asked to run personal errands for his wife, Jeanie Lamborn, and were at one point tasked with helping his son apply for a federal position, according to the Office of Congressional Ethics (OCE). Lamborn strongly denies the allegations.

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."