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Something I have to continually fight is my own perceptions. Because, I agree with you, I think Patreon is well known, they should be crazy profitable, etc. Bu
by michaelbuckbee 9y ago
Something I have to continually fight is my own perceptions. Because, I agree with you, I think Patreon is well known, they should be crazy profitable, etc.
But if you look at the larger scheme of things: How many Podcasts have a Patreon? How many YouTube channels? Is it even on their radar? And the answer is of course -> fractions of a single digit percentage.
Even compared to some other "competitors" they are quite small - consider that there are individual Kickstarters that have raised more than Patreon's profits over the past year.
They need to massively ramp up user/influencer acquisition: sponsoring conferences, booths at tradeshows, paying people to use them, a big "success team", etc. etc.
- throwaway40483 9y agoCrazy profitable? They make $7.5M in revenue with 70 engineers (in SF?). Sounds to me like they might actually be losing money.