2 ms·
>. Patreon started two years after Gumroad and now look where they are. Two years away from buying back shares for $1 from their VCs? There's this whole swath
by treis 8y ago
>. Patreon started two years after Gumroad and now look where they are.
Two years away from buying back shares for $1 from their VCs?
There's this whole swath of the internet that can support thousands of small businesses that's being slashed and burned by VCs in search of a unicorn. Gumroad and Patreon are both perfect examples. They are both good ideas that are well executed. They are not, however, companies that can extract tens of millions to hundreds of millions in profit a year. They really should be 20-30 employee type companies making a steady couple of million in profit.