We can put a lot of horsepower into membership,” he explains. But I think in terms of change, we’re going to be able to invest in the different products in different ways.
SINVR PATREON VS MONTHLY HOW TO
Jenkins tells me Patreon spent a year talking to more than 1,000 creators to figure out how to re-price its offering. Now it might make enough to keep the lights on, retain ownership and maybe even earn a profit one day. But Patreon was starving on its 5 percent rate, which some venture capitalists tell me is why they passed on its funding rounds totaling $105 million led by Thrive Capital and Index.
Patreon now has 3 million fans paying 100,000 creators more than half a billion dollars per year, and it will cross $1 billion in payouts in 2019 after six years in business. You need a single place for the bottom of your distribution funnel,” Conte explains. “To have a different membership for each distribution platform, that’s not going to work. Instead, Patreon CEO Jack Conte tells me he wants to balance powerful features with right-sized pricing for different creator types to become the platform-agnostic home for subscription patronage when tech giants are each trying to build their own. More sustainable pricing means creators won’t have to fear Patreon selling out in desperation to someone like Facebook that might neglect or exploit them. That’s the move we’re making here,” says Patreon’s SVP of Product, Wyatt Jenkins. “With this change, Patreon is a long-term independent company that doesn’t need anyone else.
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