Nebula advertises itself: "Nebula is creator-owned and operated" (implying the creators who publish). A lot of people subscribe in order to support creators, as

Nebula advertises itself: "Nebula is creator-owned and operated" (implying the creators who publish). A lot of people subscribe in order to support creators, as a sort of alternative to Patreon. This is not the case. It is owned and operated by the founders and some investors. If someone donates believing they're supporting Extra Credits, Practical Engineering, or a similar channel, they're likely being misled about how much they're contributing to it. Indeed, they may believe they're supporting a creators' co-op, which they're clearly not. If Nebula sinks, the support is what they expected. If it swims, it's going to be a lot less. I consider this to be tantamount of fraud. That's as much a statement about myself as about Nebula. My standards for what constitutes fraud are much lower than e.g. the FTC's. However, I (again, personally) believe that if the FTC shared my standards, the economy would be more efficient and the world would be a better place. That is a personal opinion, but researched, and based on the work of David Landes (a well-regarded economist at Harvard, who had nice work about the role of social capital in economic growth).