The Next Era of Accrued Interest Starts Today
For my day ones, founding pricing is locked in the moment you pledge
Accrued Interest TLDR: Accrued Interest goes paid on Wednesday, July 22. Starting today, you can pledge your subscription — and the first 100 pledges lock in $199/year, forever. Seats 101 through 250 lock in $249/year for life, in honor of America’s 250th. After that, pricing adjusts. Your card is not charged until launch day. There will be no discounts after this window — not on Black Friday, not ever. Also launching: the Partner class (25 seats, $995/year, includes 1-on-1 access to me) and Accrued Interest Institutional for project-based research. New schedule: Deep Dives every Wednesday, the Weekly Cypher moves to the weekend — and the Cypher stays 100% free, always. Let’s sell out to make sure Accrued Interest hits the bestsellers list!
Today Kicks Off the Biggest Change in Accrued Interest History
For more than a year, I’ve published institutional-grade research on the companies that make, move, and monetize attention — the melting ice cubes, the toll collectors, the evolutions the Street hasn’t priced yet. Regular readers have watched the coverage universe grow and my investing frameworks sharpen. I am INCREDIBLY proud of the body of work I have produced on Accrued Interest since I launched the substack in Spring 2025.
Today, after a long road, I am finally making Accrued Interest a business!
On July 22, I’m launching paid subscriptions — with more research, more video, and more access than this publication has ever offered. Here’s everything you need to know, starting with the part that rewards the people who’ve been here from the beginning, my Day Ones.
You’re Reading This in Better Company Than You Think…
Before I give the high-level details of the subscription tiers, here is something I’ve never shared publicly…
Accrued Interest is read by professionals at Goldman Sachs, Citadel, D. E. Shaw, Fidelity, T. Rowe Price, and AllianceBernstein, among others. I have at least 100 different financial insitutions in the current subscriber base!
It’s read at 32 academic institutions around the world — from Columbia Business School and Wharton to Chicago Booth, the Indian Institutes of Management, Seoul National University, and Nanyang Technological University in Singapore.
I share this for one reason: the research you’ve been getting for free is the same research sitting in inboxes at some of the sharpest firms on Wall Street. That’s the work going behind the paywall on July 22 — and the readers who pledge first keep the lowest price it will ever have.
The Founding 100: My Day Ones Get the Best Deal I Will Ever Offer
Between now and July 22, you can pledge your subscription — and the first 100 pledges lock in $199 per year, for life. That’s 20% off the launch price, and it never expires. As long as you stay subscribed, your price never goes up. Ever.
Two things to know about pledging:
Your card will not be charged until July 22. A pledge simply reserves your seat — you enter your payment details today, and nothing happens until launch day.
When the 100 seats are gone, they’re gone. And I want to be direct about this: I will not be running discounts throughout the year. No holiday sales, no win-back offers, no “last chance” emails in November. This is not a sale — it’s a founding honor, offered once, to the readers who showed up before the paywall existed. If you’ve ever planned to support this work, this is the moment that rewards you most for it.
Thank you to all my Day Ones!!!!
In Honor of America’s 250th: Seats 101 — 250
After the Founding 100 fills, the next 150 subscribers — seats 101 through 250 — lock in the launch price of $249 per year, for life. America turns 250 this year; the first 250 members of Accrued Interest keep their price forever. After seat 250, pricing adjusts closer to market.
The math is simple: the earlier you commit, the better your price — permanently.
What Portfolio Managers Get
Every paid subscriber joins as a Portfolio Manager. Here’s the high-level view (deeper dives on each benefit coming over the next two weeks):
The full archive. Every deep dive, every initiation, every valuation — unlocked.
The subscriber chat. Quick takes, live reactions, and real-time Q&A. The chat is open to everyone, free, until July 22 — come see what it’s like inside before it becomes a paid room.
The Accrued Interest Town Hall. A monthly live session where I answer subscriber questions and preview the work in progress — the pitches and models you’ll read about before the Street does.
All long-form video. After launch, full-length video content is for paying subscribers — and yes, that means the podcast is coming back.
The Partner Class: 25 Seats
For those who want everything above — plus access to my time — there’s the Partner tier at $995 per year, capped at 25 seats.
Partners get every Portfolio Manager benefit, plus the ability to book private 1-on-1 calls with me. It’s the closest thing to having Accrued Interest on your speed dial. Twenty-five seats, no exceptions — when they’re claimed, the class is closed.
More details to come on the Partner Class…(email me at simeon@accruedint.com with the subject line “Accrued Interest Partner” with any questions).
Accrued Interest Institutional
One more launch, and this one is not a Substack subscription.
Accrued Interest Institutional is for funds, firms, and investors who need bespoke, project-based research — commissioned deep dives, industry landscape work, diligence support. If that’s you, email me at simeon@accruedint.com with the subject line “Accrued Interest Institutional” and tell me what your project needs are. I respond within 48 hours.
The New Publishing Schedule
Starting this month, the cadence sharpens:
Deep Dives: Wednesdays. The long-form research this publication is built on: initiations, valuations, and an operator’s perspective you won’t get anywhere else.
The Weekly Cypher: Moving to the weekend. The week-in-review rundown covering the full coverage universe now lands Saturday/Sunday. And let me be unmistakably clear: the Cypher stays 100% free. Always. If you never pay a dime, you’ll still get it every weekend.
How to Claim Your Seat
Tap the Pledge button on this post or on the Accrued Interest homepage.
Choose the annual plan — $199, locked for life if you’re in the first 100.
That’s it. Your card isn’t charged until July 22.
One hundred seats. Then 250. Then the price moves.
Thank you — genuinely — for reading, sharing, and pushing this publication to this moment. The first year was the proof of concept. This is the era where it compounds.
Your support means the world to me. I aspire to make Accrued Interest the #1 place for tech and media value investors on the web. Building a strong subscriber base in year 1 will help achieve this goal.
— Accrued Interest
Disclaimer: The information presented in this Substack is for educational purposes and should not be construed as investment advice. Investors should make their own decisions regarding the prospects of any company discussed here, as I am not a registered investment advisor.
You can always reach me at simeon@accruedint.com.
Congrats on the big change!