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gwern

@gwern

Writer, independent researcher, Internet besserwisser. 𝘞𝘢𝘵𝘢𝘴𝘩𝘪 𝘬𝘪𝘯𝘪𝘯𝘢𝘳𝘪𝘮𝘢𝘴𝘶! Links: https://www.reddit.com/r/gwern/ 

Present day. Present time. (Ahahaha!)
gwern.net
Joined November 2008

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    1.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Feb 5

       🤖 Sonya Mann  🎀 Retweeted Dan Olson

      I pointed this out years ago. Patreon makes hardly any money for its size and prominence. "The company is also on track to pay out $500 million to content creators in 2019" — 5% of that is $25 million and Patreon has ~300 employees. Not even covering their labor costs.https://twitter.com/foldablehuman/status/1092846201374892032 …

       🤖 Sonya Mann  🎀 added,

      Dan Olson @FoldableHuman
      I don't want to be doom and gloom, but Patreon is about to eat itself. Or, more specifically, the investors who demand geometric growth are about to demand Patreon eat itself. https://www.cnbc.com/2019/01/23/crowd-funding-platform-patreon-announces-it-will-pay-out-half-a-billion-dollars-to-content-creators-in-2019.html …
      Show this thread
      16 replies 18 retweets 94 likes
      Show this thread
    2. michael_nielsen‏ @michael_nielsen Feb 5
      Replying to @sonyaellenmann

      I wonder what those 300 people do? (Hard to write that without sounding like snark, but it's a genuine question.)

      3 replies 0 retweets 23 likes
    3.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Feb 5
      Replying to @michael_nielsen

      I'm not sure! My guess is that a significant chunk are support staff dealing with customer problems, though

      4 replies 0 retweets 4 likes
      gwern‏ @gwern Feb 5
      Replying to @sonyaellenmann @michael_nielsen

      And fraud. From what I understand, all companies like this, from Gratipay on, spend staggering amounts of effort dealing with CC fraud, chargebacks, etc.

      10:52 AM - 5 Feb 2019
      • 15 Likes
      • Alexey Guzey simple complex Lie algebra Daniel Hook Matt Needham Parker Bond useThanks Zach Crawford 🤖 Sonya Mann 🎀 Dave Craige⚡️ Santiago Tórtora
      2 replies 0 retweets 15 likes
        1. New conversation
        2. Liberapay‏ @liberapay Feb 6
          Replying to @gwern @sonyaellenmann @michael_nielsen

          “staggering” may be an overstatement. Preventing and handling fraud definitely costs time, but not so much that Patreon would need lots of full time employees to deal with it.

          1 reply 0 retweets 0 likes
        3.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Feb 6
          Replying to @liberapay @gwern @michael_nielsen

           🤖 Sonya Mann  🎀 Retweeted Jack Conte

          thread that addresses Michael's question https://twitter.com/jackconte/status/1093223206805106688 … take it with a grain of salt, of course, but very interesting to read

           🤖 Sonya Mann  🎀 added,

          Jack ConteVerified account @jackconte
          I usually try to avoid twitter drama, but I saw a thread last night from @FoldableHuman that was just uninformed enough that I feel the need to chime in. Much of the thread stemmed from oversimplification and misleading assumptions: https://twitter.com/FoldableHuman/status/1092846201374892032 …
          Show this thread
          3 replies 0 retweets 3 likes
        4. Brady Dale‏Verified account @BradyDale Feb 8
          Replying to @sonyaellenmann @liberapay and

          Didn't Kickstarter basically launch it's own sorta Patreon thing? That would be tough competition. KS is established and somehow managed to get VC money without VC pressure.

          1 reply 0 retweets 1 like
        5. gwern‏ @gwern Feb 8
          Replying to @BradyDale @sonyaellenmann and

          Their drip thing is *very* different and not useful for most Patreon users. (I didn't understand the usecase when they launched it, and haven't looked into it since.)

          2 replies 0 retweets 1 like
        6.  🤖 Sonya Mann  🎀‏Verified account @sonyaellenmann Feb 8
          Replying to @gwern @BradyDale and

          Wait, how is it different? Seems like a straight clone, although apparently they're going to revamp it somehow in the near futurehttps://d.rip/learn 

          2 replies 0 retweets 0 likes
        7. gwern‏ @gwern Feb 8
          Replying to @sonyaellenmann @BradyDale and

          Invite-only, 'founding membership' limit thing, intended for subscriptions only (which may be how I prefer to use Patreon but most Patreons are more transactional or release-based), were the big ones.

          0 replies 0 retweets 1 like
        8. End of conversation
        1. William Minshew‏ @wminshew Feb 5
          Replying to @gwern @sonyaellenmann @michael_nielsen

          William Minshew Retweeted William Minshew

          seems like there should be large synergies w/ stripe, right? trying to figure out why they wouldn't, assuming patreon isn't eventually scooped up by some cash-rich tech gianthttps://twitter.com/wminshew/status/1092877454258012160 …

          William Minshew added,

          William Minshew @wminshew
          Replying to @gwern @sonyaellenmann
          pray that @stripe builds something to replace them before they go under, I suppose
          0 replies 0 retweets 4 likes
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