26 Comments
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Mosaic Asset Company's avatar

Congrats on four years!

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Conor Mac's avatar

Thank you kindly!

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David Harris's avatar

I really enjoy your writing. Always thoughtful and clear.

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Conor Mac's avatar

Thanks David, that’s the best kind of feedback I could hope for. Glad it resonates.

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Maverick Equity Research's avatar

Great one and cheers for the many more coming! All the best!

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Conor Mac's avatar

Thank you Mav!

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Michael Kandolin's avatar

Congratulations on the anniversary Conor, I always enjoy spending time with your work. Here is to many more, cheers 🍻

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Conor Mac's avatar

Thank you Michael, much appreciated :)

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StockOpine's avatar

Congratulations on the fourth Conor and cheers to many more. We truly enjoy your thoughtful writing. It's surprising to learn about the happenings at your previous employer, but in hindsight, it seems like you made the right decision by joining your new one. :)

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Conor Mac's avatar

I think so, wouldn't change the experience for the world though. Thanks S.O!

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Clark Square Capital's avatar

Great post. Loved the learnings, in particular!

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Conor Mac's avatar

Thank you CSC!

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Edward Corona's avatar

Congrats brother!

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Conor Mac's avatar

Thank you!

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TSOH Investment Research's avatar

Conor - As expected, another great one. Congrats on four!

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Conor Mac's avatar

Thanks Alex! Let's keep it going until we both celebrate double digits :)

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Wolf of Harcourt Street's avatar

That was a super read Conor. Fascinating insights into what it was like to work at a start up during one of the severest bear markets in decades.

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Conor Mac's avatar

Thank you good sir, glad you got something from it.

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Wolf of Harcourt Street's avatar

I think it'll be very powerful to look back on those notes in 20 or 30 years time

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Conor Mac's avatar

That's the hope! The brain has a habit of altering memories over time, so i want to crystallise a few while I am still young :)

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Liberty's avatar

Congrats Conor! I’m curious about the pruning. How did you go about it? Substack doesn’t really have tools for that. Did you just do a search for people with zero open rate? Did you just remove them out email them first to warn them about it? Curious about the process. Thanks

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Conor Mac's avatar

Thank you! A little bit of everything really. For some batches I did send a preemptive email, and checked that same filter a week or two later, and excluded the ones who replied to the email (they were asked to if they wanted to avoid being removed).

I mostly searched for a mixture of; low activity, low clicks, low opens, last email opened ages ago, zero opens, low opens, zero comments, zero deliveries,. Not a perfect science, but I tried my best to avoid kicking people who may simply have private protocols set up to circumnavigate tracking too.

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Liberty's avatar

Thanks. And after you did it, did you notice a big difference? Open rate better by ratio you removed, or did it someone have a bigger than expected effect via maybe some filters liking your sending address better?

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Conor Mac's avatar

I know about the "email health" of sending to higher open rate individuals, but haven't noticed too much change there. The overall open rate did improve by between 6% to 8% though. It had been slipping, so I wanted to do something to fix that.

Overall, as much as subscribers is a vanity metric, open rates might be in some respects too. It hasn't improved any aspect of the newsletter apart from open rates, as far as I can tell.

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Liberty's avatar

I’ve considered it too, but I’m always afraid of booting out some people who have a zero open rate just because they have tracking blockers but they’re actually reading…

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Mar 13, 2024
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Conor Mac's avatar

Thank you!

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