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 …
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“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.
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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
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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.
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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.)
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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
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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.
End of conversation
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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 …
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