Why wouldn't it be profitable? All they really do is take money from people, give them to other people, and take a cut of it. I was under the impression that P

Why wouldn't it be profitable? All they really do is take money from people, give them to other people, and take a cut of it. I was under the impression that Patreon is struggling because their profits aren't enough to balance out the 9 digits of VC money they greedily took in, not because there's no profits.