I linked to the official blog post, which doesn't mention the valuation. I got that from the Axios article. This makes $255.9M in total venture capital now, with the last funding round for $60M...
I linked to the official blog post, which doesn't mention the valuation. I got that from the Axios article.
I wouldn't at all have guessed that patreon would have 1 billion flowing through it a year now! I'm not sure I understand why they'd need to go for more funding. Surely if they're not profitable...
I wouldn't at all have guessed that patreon would have 1 billion flowing through it a year now!
I'm not sure I understand why they'd need to go for more funding. Surely if they're not profitable now they can't just cover the hole with investment money and hope for the best.
This comment in the last year post, Deimos linked, explains a little. Patreon had 175 employees last year and two office in San Francisco and New York. Burning cash it seems. Another post from...
This comment in the last year post, Deimos linked, explains a little. Patreon had 175 employees last year and two office in San Francisco and New York. Burning cash it seems.
That makes more sense. It's a shame if they do fail because it seems a good business model to make work and it's so many peoples livelyhoods now.You're getting way more money to host videos and...
That makes more sense. It's a shame if they do fail because it seems a good business model to make work and it's so many peoples livelyhoods now.You're getting way more money to host videos and process payments than the average webhost.
As with other sites based around communities, there are matters of scale at play. Unlike areas covered by existing huge sites like Twitter, Facebook, Reddit and the like, Patreon hasn't managed to...
As with other sites based around communities, there are matters of scale at play. Unlike areas covered by existing huge sites like Twitter, Facebook, Reddit and the like, Patreon hasn't managed to become the hub for subscription services to your favorite content creators.
During the covid close-down across the world, Onlyfans has gotten a tremendous amount of press and reported growth, just to mention one other significant competitor in the English-speaking space for these types of sites.
I linked to the official blog post, which doesn't mention the valuation. I got that from the Axios article.
This makes $255.9M in total venture capital now, with the last funding round for $60M happening just over a year ago (linked to Tildes thread).
I wouldn't at all have guessed that patreon would have 1 billion flowing through it a year now!
I'm not sure I understand why they'd need to go for more funding. Surely if they're not profitable now they can't just cover the hole with investment money and hope for the best.
This comment in the last year post, Deimos linked, explains a little. Patreon had 175 employees last year and two office in San Francisco and New York. Burning cash it seems.
Another post from last year when Patreon CEO said the business model is not sustainable as it sees rapid growth This one turned into more tildes focused discussion though.
That makes more sense. It's a shame if they do fail because it seems a good business model to make work and it's so many peoples livelyhoods now.You're getting way more money to host videos and process payments than the average webhost.
As with other sites based around communities, there are matters of scale at play. Unlike areas covered by existing huge sites like Twitter, Facebook, Reddit and the like, Patreon hasn't managed to become the hub for subscription services to your favorite content creators.
During the covid close-down across the world, Onlyfans has gotten a tremendous amount of press and reported growth, just to mention one other significant competitor in the English-speaking space for these types of sites.