He worked in business development at Breather, a coworking startup, before launching a newsletter during the COVID lockdowns of 2020 because he had opinions about technology and business that he wanted somewhere to put. Not Boring was not planned as a business. It started as a writing project. Within two years, it had become one of the highest-profile newsletters in the venture capital and technology ecosystem, and within three, it had spawned its own venture fund.
In 2026, Packy McCormick net worth is estimated between $5 million and $15 million, built from Not Boring’s subscription and sponsorship revenue, his stake in Not Boring Capital, angel investments across the technology ecosystem, and the commercial value of a personal brand that commands some of the highest CPM rates in independent newsletter media.
Packy McCormick Net Worth Summary Table (2026)
| Attribute | Details |
| Full Name | Packy McCormick |
| Birth Year | 1990 (approx.) |
| Nationality | American |
| Profession | Investor, Writer, Entrepreneur |
| Known For | Not Boring Newsletter |
| Companies | Not Boring Capital |
| Estimated Net Worth (2026) | $5 million – $15 million |
| Monthly Income (Est.) | $200K – $415K+ |
| Annual Income (Est.) | $2.6M – $5M+ |
| Business Focus | Venture investing, tech media |
The Number and Why the Range Is Wide
Packy McCormick net worth in 2026 is estimated between $5 million and $15 million. The range is honest rather than precise for a specific reason. The majority of his wealth sits in private assets, his ownership stake in Not Boring Capital and his portfolio of angel investments, which do not have publicly traded prices.
His newsletter business produces confirmed annual revenue that can be estimated with reasonable precision. Not Boring has approximately 120,000 total subscribers with roughly 10,000 paying subscribers at Substack’s standard pricing tiers. That subscription base produces annual gross revenue in the $1.5M to $2M range before platform fees.
The more significant financial variable is Not Boring Capital, his early-stage venture fund. Venture fund returns take seven to ten years to fully materialise. If his portfolio companies produce successful exits over the next several years, his net worth could move significantly toward the upper end of the range or beyond it. If the portfolio underperforms, the newsletter and angel returns carry the floor.
The $5M to $15M window represents what is credibly estimable from available information without speculating on venture fund outcomes that have not yet been realised.
Philadelphia, Duke, and a Business Development Career That Led Somewhere Unexpected
Packy McCormick grew up in the Philadelphia area and attended Duke University, graduating with a degree in political science. His academic background was in the humanities rather than technology or engineering, a detail worth noting because it explains the analytical but accessible writing style that made Not Boring commercially viable. He learned to think about systems and incentives through political science frameworks before he applied those frameworks to technology companies.
After Duke, he built a career in business development and strategy at technology companies in New York. His most significant pre-newsletter role was at Breather, a startup that provided on-demand flexible workspace, where he worked in growth and business development during the company’s expansion period. The experience gave him direct exposure to the startup operating environment, venture capital dynamics, and the specific challenges of scaling a technology business from the inside rather than from the analytical remove of an investor or journalist.
His newsletter began during the pandemic lockdowns of 2020 as a way to share his thinking about technology companies and business models with a small audience. The early issues attracted attention quickly because the writing was unusually clear, the analysis was unusually structured, and the perspective was unusually specific for someone who was not a professional journalist or an established investor.
Not Boring: The Newsletter That Charges Premium Rates
Not Boring is Packy McCormick’s flagship newsletter covering technology, business strategy, and the intersections between them. The newsletter takes a distinctive analytical approach that sits between traditional business journalism and venture capital analysis, explaining how technology companies work, why certain business models succeed, and what specific mechanisms drive value creation in the technology sector.
The subscriber base of approximately 120,000 total readers with 10,000 paying subscribers is not the largest in independent newsletter media. What makes Not Boring commercially significant is the audience quality rather than the audience size. His readers are investors, founders, operators at growth-stage technology companies, and senior professionals in the venture capital ecosystem. That demographic is among the most commercially valuable in the entire newsletter industry.
Sponsorship rates reflect that demographic quality directly. Packy has discussed his sponsorship pricing publicly enough that industry analyses consistently place his CPM rates among the highest in independent newsletter media for his audience size. Companies paying to reach venture investors, technology founders, and growth-stage operators are willing to pay significantly more per thousand readers than advertisers in most other newsletter categories.
The same premium audience economics that drive Lenny Rachitsky’s newsletter to $7M+ annually apply to Not Boring, with Packy targeting a slightly different but equally commercially valuable segment of the technology professional audience. Both built premium newsletters around genuine expertise rather than volume, and both command sponsorship rates that reflect the quality of the readers they deliver rather than the quantity.
Not Boring Capital: The Venture Fund That Changes the Net Worth Math
Not Boring Capital is Packy McCormick’s early-stage venture fund, launched to formalise the angel investing activity he had been doing individually. The fund invests in early-stage technology companies, with a particular focus on companies building infrastructure, developer tools, consumer technology, and businesses at the frontier of what technology enables.
The fund’s commercial advantage relative to traditional venture funds is the distribution it gets from Not Boring’s newsletter and podcast audience. When Not Boring Capital invests in a company, Packy can write about that company to 120,000 readers who are precisely the founders, investors, and operators most likely to create value for portfolio companies through introductions, hiring, customer referrals, and further investment. That distribution is a genuine competitive advantage for the companies he backs and a deal flow advantage for the fund itself.
His confirmed portfolio investments include companies in the health technology, fintech, and consumer technology spaces. The specific returns from those investments will not be known for several years, but the fund structure and the audience advantage it carries reflect the same business logic that Naval Ravikant applied to AngelList, where platform distribution creates deal flow and portfolio company advantages that traditional funds cannot replicate.
How the Income Works in 2026
| Source | Estimated Annual |
| Substack subscriptions (net) | $1.3M to $1.8M |
| Newsletter sponsorships | $800K to $2M |
| Not Boring Capital management fees | $200K to $500K |
| Podcast sponsorships | $200K to $400K |
| Speaking and advisory | $100K to $300K |
| Total | $2.6M to $5M |
| Period | Estimated Range |
| Monthly Income | $215,000 to $415,000 |
| Annual Income | $2,600,000 to $5,000,000+ |
These estimates reflect Not Boring’s confirmed subscriber economics, premium sponsorship rate benchmarks for his audience demographic, and standard venture fund management fee structures. Actual figures are not publicly disclosed. Angel investment returns are excluded as they represent paper value rather than realised income.
The Not Boring Writing Style: Why It Works Commercially
Packy McCormick’s newsletter is not just well-written. It is written in a specific way that makes it commercially valuable to a specific audience, and understanding that specificity explains the premium economics.
His analysis of technology companies typically begins with a historical or cultural frame that makes the subject accessible before moving into the specific business model mechanics, market dynamics, and strategic questions that his investor and operator audience actually cares about. The writing is long. A typical Not Boring issue runs three to five thousand words. It is also unusually clear for its length, which means readers finish it rather than skimming the first third and moving on.
That completion rate is the specific quality that makes his sponsorship rates defensible at premium levels. An advertiser in a newsletter where readers finish the issue reaches readers who have absorbed the sponsor’s message in full context. An advertiser in a newsletter where most readers abandon it halfway has paid for impressions that never actually landed.
His model reflects the same depth-over-volume principle that Daniel Priestley applied to building KPI into a global education framework. Being genuinely useful to a specific professional audience compounds into commercial outcomes that chasing mass appeal never produces.
The Podcast and the Media Extension
Alongside the newsletter, Not Boring has a podcast that extends the brand into audio and reaches an audience that overlaps with but is not identical to the newsletter subscriber base. The podcast features conversations with founders and investors in the technology companies and sectors Packy covers in writing, providing the long-form conversational format that newsletter content cannot deliver.
Podcast sponsorships from companies targeting the same investor and founder demographic as the newsletter add income that is sized by listenership rather than subscriber count. The podcast audience is smaller than the newsletter but equally commercially qualified, producing sponsorship income that adds meaningfully to the overall annual earnings figure without requiring proportionally more work per dollar generated.
Packy McCormick Social Media Accounts
| Platform | Account | Followers (Approx.) |
| Twitter / X | @packyM | 221K+ |
| Packy McCormick | 19K+ | |
| website | Not Boring | 259K+ |
His X presence at 165,000 followers is his primary distribution channel outside the newsletter itself and the platform where his thinking about technology and business reaches audiences who have not yet subscribed. Regular tweets summarising newsletter themes, sharing investment perspectives, and engaging with the venture capital and startup communities drive consistent new subscriber discovery.
His Substack presence directly produces revenue rather than simply contributing to brand building, making it his most commercially significant platform for current income generation. The combination of X as a top-of-funnel discovery channel and Substack as the paid conversion destination mirrors the same architecture that Sahil Bloom used to build the Curiosity Chronicle into an 800,000-subscriber newsletter business.
Final Thoughts
Packy McCormick net worth of an estimated $5 million to $15 million in 2026 sits inside a business he started as a writing project during a global lockdown because he had things he wanted to say about technology and business and nowhere specific to say them.
Not Boring grew into one of the most commercially respected independent newsletters in the venture capital ecosystem. Not Boring Capital turned that newsletter’s audience advantage into a venture fund with distribution capabilities that traditional funds at comparable fund sizes cannot match. The angel portfolio behind both adds a long-tail wealth potential that the current net worth estimate does not fully capture.
He went from business development at a coworking startup to managing a venture fund and commanding some of the highest newsletter sponsorship CPMs in independent media, in five years, through writing. The $5 million to $15 million is what that trajectory has produced so far. The venture fund returns will determine where the number goes next.
FAQs
What is Packy McCormick net worth in 2026?
Packy McCormick built an estimated $5 million to $15 million net worth by 2026. Analysts based this estimate on Not Boring’s subscription and sponsorship revenue. The business generates an estimated $2.6 million to $5 million annually. They also considered his ownership in Not Boring Capital. His angel investments also contribute to his estimated wealth. Private investments make precise valuations difficult. Future exits or public listings could significantly change his net worth estimate.
What is Not Boring?
Packy McCormick created Not Boring, a newsletter and media brand. It covers technology companies, business strategy, and value creation. The newsletter has about 120,000 total subscribers. Around 10,000 subscribers pay for premium content. Not Boring publishes detailed long-form business analysis. Investors, founders, and technology leaders make up most of its audience. Advertisers pay premium rates to reach those readers.
What is Not Boring Capital?
Not Boring Capital is Packy McCormick’s early-stage venture fund, launched to formalise his angel investment activity. The fund invests in early-stage technology companies across infrastructure, developer tools, consumer technology, and frontier technology sectors. Its commercial advantage over traditional funds of comparable size is the distribution that Not Boring’s newsletter audience provides to portfolio companies, reaching 120,000 investors, founders, and operators who can create direct value for the companies the fund backs.
How does Packy McCormick make money?
Packy McCormick earns income from about 10,000 paying Substack subscribers. He also earns premium newsletter sponsorship revenue. His investor and founder audience attracts high CPM advertising rates. Not Boring Capital also generates management fee income. He earns additional revenue from podcast sponsorships. Speaking engagements and advisory work provide extra income. His confirmed businesses generate an estimated $2.6 million to $5 million annually. That figure excludes taxes and business expenses.
How many subscribers does Not Boring have?
Not Boring has approximately 120,000 total subscribers with roughly 10,000 paying subscribers as of 2026. The paid conversion rate of approximately 8–10% is higher than the industry average for newsletters at his scale, reflecting the professional audience quality. His readers are predominantly investors, founders, and senior technology operators who use the newsletter as a professional reference rather than casual entertainment.
Is Packy McCormick a venture capitalist?
Yes. Packy McCormick runs Not Boring’s newsletter and media business. He also manages Not Boring Capital, an early-stage venture fund. He independently makes direct angel investments in technology companies. His newsletter research guides many of his investment decisions. His audience gives portfolio companies valuable distribution advantages. Most venture funds of similar size cannot offer those benefits.
Is Packy McCormick self-made?
Yes. Packy McCormick built his estimated net worth through Not Boring. He launched the business independently in 2020. He received no outside investment or institutional backing. Packy’s also founded and manages Not Boring Capital independently. He started his career in business development at technology companies.
Net worth figures are estimates based on newsletter subscriber economics, premium sponsorship rate benchmarks, venture fund structure analysis, and creator economy financial research. Packy McCormick’s actual financial figures are not independently audited or publicly disclosed.
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