finance – Book and Sword

finance

Are 80% of Patreon Pledges Hidden?

a screenshot from the Graphtreon website with charts and statistics about total creations and pledges on Patreon — Graphtreon is awesome! Patreon is awesome! But Patreon is also another giant institution which we are are asked to trust but don’t have a way to verify

Patreon is essential for funding many types of digital creations. Patreon is not the best at processing payments or building and running websites. So a lot of us are very interested in them as a business because they offer an alternative to surveillance advertising and creating merchandise or face-to-face services to sell, but they seem kind of flimsy. Because they are a private business, we have to guess a lot. One of the things we have to guess about is whether they are a $24 million / year business or a $120 million / year business. (All sums in this post are in US dollars).