Patreon is about to eat itself
Yup. Patreon is a Series C company. If you take that amount of money, your strategy becomes Grow Or Die.<p>If they had bootstrapped, they&#x27;d be totally sustainable on a hundredth of the revenue.<p>I get it though. When Patreon started it was not clear whether the model would work AT ALL. It could have easily just eaten Jack Conte&#x27;s savings and he would&#x27;ve been a 30 year old eating ramen for years and then end up with nothing.<p>In retrospect the time was right, and YouTube was the perfect ally, and it could&#x27;ve been easily bootstrapped. It would&#x27;ve been hard to know that up front.<p>Still, $100 Million over 5 years seems like a lot of cash burnt for what they offer. I guess we&#x27;ll find out where it went when they release their &quot;value services&quot;.