BUSINESS
Need cash fast? Patreon is now lending money to its creators to launch projects with high startup costs
BUSINESS

Need cash fast? Patreon is now lending money to its creators to launch projects with high startup costs

Published: February 19, 2020  |  6 min read, 1214 words
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“Patreon has access to all the data about a creator’s earnings history, what they offer as benefits, how much they engage with their patrons…everything needed to forecast their earnings and retention, without a creator even needing to submit an application.” By NICHOLAS QUAH Feb. 18, 2020, 12:40 p.m. I was tempted to kick this story off with a platitude along the lines of: “Starting something is the hardest part.” Then I thought better of it, because that’s not strictly true. Keeping something going can be much harder, as in the case of a conversation, relationship, or even this... READ MORE
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Great Context
February 19, 2020
Great Context
This article starts off slow, with a little too much of the author's quirky personality making itself known. It eventually dives into more details about how Patreon Capital works and how it relates to similar programs from Spotify and Stripe. I look forward to learning more about the transactional breakdown of these Patreon investments because that information is still unavailable or at least not mentioned in this piece.
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