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Even if Patreon doesn't have a big exit, it could still make a profit, and that profit could then go back to the investors. According to the article, this give
by gizmo686 11y ago
Even if Patreon doesn't have a big exit, it could still make a profit, and that profit could then go back to the investors.
According to the article, this gives Patreon a $47 million valuation, and Patreon has 17,000 artists.
That is only ~$2,800 per current artist.
Given that this investment is made with exception of growth, this does not seem like an unreasonable valuation.
- vecter 11y ago$47M isn't their valuation, it's the amount they've raised. No company would raise $30M at a $47M valuation unless they were very desperate.
- hkmurakami 11y agoThe valuation is likely something like $150mm. (20% ownership for the B round post money)