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Co-founder Jack Conte after raising $15M in 2014 [1]: > Conte said his main concern in raising the round was pissing off the Patreon community. “Because we’re
by bentlegen 11y ago
Co-founder Jack Conte after raising $15M in 2014 [1]:
> Conte said his main concern in raising the round was pissing off the Patreon community. “Because we’re so cognizant of how venture capital can also be a dangerous thing, we do want to make sure our creators know how thoughtful this round was,” he said. “We spent a long time meeting a lot of folks.”
I wonder how creators feel about Patreon raising $30M today?
[1] http://recode.net/2014/06/23/creative-patronage-startup-patreon-raises-15m/ http://recode.net/2014/06/23/creative-patronage-startup-patr...
- hawkice 11y agoI was extremely worried to see this headline. Patreon is opening up a new path towards professionalism (a 10x improvement over e.g. YouTube, and that was a pretty massive deal), and if it goes under a lot of human potential will be shuttered. Might sound overly dramatic, but cultural shifts are always on a razor's edge
- forthefuture 11y agoI'd like to think of Patreon as validation for this model of supporting content creators. Even if Patreon can't turn a profit (which seems impossible considering the amount of money going through them), it's validated the idea that consumers are willing to pay the people they like to make the content they like.
- hkmurakami 11y agoWell the fear with taking VC is that they now have an ever greater growth agenda, and it's either the moon or bust. No option of living happily on earth, so to speak.