Patreon Raises $90M Series E at $1.2B Valuation
Given the extraordinary valuations being handed out right now in public markets to companies like Fiverr ($4.4b), Square ($74b), Etsy ($16b), Shopify ($136b), and so on, Patreon should just go public. Investors apparently can&#x27;t get enough. Even persistently disregarded Overstock recently went up 2,000% in just five months, hitting their highest levels in 18 years of being public. Patreon can just say: cloud! remote! ecommerce! payments! and they&#x27;ll get a sweet $10 billion dotcom bubble-style valuation. Wait a few days after the IPO, announce a stock split, and drop some more shares on the public&#x27;s head, your stock will double. Tell them the follow-on is to expand your remoteness and cloudiness.<p>For the first time in two decades it often makes a lot more sense to be publicly traded for funding purposes than private. The public market hasn&#x27;t been this ravenous for money losing tech&#x27;ish stocks since 1999-2000. If you&#x27;re Patreon, it has to be a serious consideration to take advantage of the unhinged mania in the air. (Obviously with the understanding that Patreon may have other reasons for remaining private; although that can&#x27;t last forever though, and when you&#x27;re on a series E it&#x27;s getting that time).