In 2016, Patreon boasted that 7,960 users were now making over $100 a month, which struck me as such an insignificant monthly income to brag about. Around the same time, the company reportedly had 25,000 creators, meaning only 31 percent of Patreon’s users were making over a hundred bucks….Even if creators are struggling to make money, investors see Patreon as a goldmine. In September, Patreon announced a $60 million dollar investmentfrom venture capital firms, bringing its total funding to $107 million, according to Crunchbase.
Adult bullies are in a special class–they were born that way and stayed that way, and they have been practicing how to get away with it for years. And then one day–they become rich and powerful. And some of them are called Google. (See the Eric Schmidt’s description of the monopolistic tech oligarchy or “Gang of […]