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I'd very much think that being able to get ~8% of what is paid to creators (2 billion in 2021) make them pretty much able to run their operation solely with the
by unity1001 4y ago
I'd very much think that being able to get ~8% of what is paid to creators (2 billion in 2021) make them pretty much able to run their operation solely with their own revenue if they wanted to. Most of the activity would be concentrated on the large creators, who tend to have the top plan (12%), so Patreon's average percentage revenue over that payout would likely larger. And they seem to be consistently growing in both creator and member counts of the platform. So in 2022 they will probably distribute more than 2 billion.
So they don't seem to have any problem with income. VCs have little reason to pressure them for anything either - this is a startup that is making 125-130 million revenue every year already, and its subscription revenue - the holy grail. Any pressure that comes in from that side would likely be in the direction of pushing for growth. Which may be one of the reasons for the layoff. Excepting some major incident related to the security, of course.