Creators are eating the world
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Patreon is my primary source of income, and I'm super grateful for it—but honestly, the back-to-back rounds make me nervous! I'd love to read an explainer on why the jet fuel strategy makes sense. I worry creators with less appetite for risk than the VCs are going to get burned.
Compare with the rounds Stripe just raised. Investors are throwing pretty near free money at anything involving payments on the Internet right now and the underlying numbers bear that out
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Getting $150M for ~4% does seem like a compelling proposition, I suppose!
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