21–30 of 277 posts
Earlier quoted context omitted.
Especially while unemployment is paying $2400/month on top of your normal payment. Many workers are better off just being temporarily laid off and getting a pay raise.
$2400/month is less than $30k/year. I highly doubt any of the people getting laid of from Patreon are getting a raise by going on unemployment.
This is interesting given that, like the article suggests, patron contributions were still growing last month. Seems like they either wanted an excuse to "right-size" and this is a great opportunity, or they're expecting a significant hit to patron contributions on the back of mass unemployment, which would make the rest of the year rather painful.
Non-shit link: http://archive.is/zsdOS
Really wish archive.is and Cloudflare could get over their problems, since I use cloudflare's DNS resolver, none of these links work. Oh well.
Earlier quoted context omitted.
>This company never made sense to me from a “venture scale” perspective. It’s big, sure, but are the financials really ever going to be strong enough to go public? I guess I don’t see it. It looks like the company's biggest creator brings roughly $5k a month for Patreon and only one other creator has their financials public and brings in even 40% of that [1]. There is certainly money to be made in that business, but…
Patron seems like a classic long tail situation. The fall off to 100th place is only 1/7th the number of subscribers and 1000th place ~1/37th the number of subscribers as first place. Patreon’s fees range from 5-12% so they could easily be making more make more money from the 10,000 to 100,000 creators than they do the top 10,000. Further, people can hide earnings which makes estimates of their finances difficult.
This is interesting given that, like the article suggests, patron contributions were still growing last month. Seems like they either wanted an excuse to "right-size" and this is a great opportunity, or they're expecting a significant hit to patron contributions on the back of mass unemployment, which would make the rest of the year rather painful.
I ain't seeing it. I saw significantly more patron contributions. I guess maybe there's a danger I am just that awesome? ;P the general sense I get is people tend to rally around their creators, and I would imagine that happens across the board, and not just in special cases.
Earlier quoted context omitted.
Really wish archive.is and Cloudflare could get over their problems, since I use cloudflare's DNS resolver, none of these links work. Oh well.
Thank you, I had no idea that's why these links haven't been loading. Just switched back to google's resolver (8.8.8.8).
https://twitter.com/archiveis/status/1018691421182791680
There's some HN posts about it as well.
Earlier quoted context omitted.
>This company never made sense to me from a “venture scale” perspective. It’s big, sure, but are the financials really ever going to be strong enough to go public? I guess I don’t see it. It looks like the company's biggest creator brings roughly $5k a month for Patreon and only one other creator has their financials public and brings in even 40% of that [1]. There is certainly money to be made in that business, but…
Patron seems like a classic long tail situation. The fall off to 100th place is only 1/7th the number of subscribers and 1000th place ~1/37th the number of subscribers as first place. Patreon’s fees range from 5-12% so they could easily be making more make more money from the 10,000 to 100,000 creators than they do the top 10,000. Further, people can hide earnings which makes estimates of their finances difficult.
Earlier quoted context omitted.
Really wish archive.is and Cloudflare could get over their problems, since I use cloudflare's DNS resolver, none of these links work. Oh well.
Saying this as a Cloudflare investor, CF is in the wrong here and not spec compliant.