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Out of context: Reply #69949
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- BusterBoy0
Anyone use Patreon?
Read somewhere the company "needs to build new businesses and new services and new revenue lines in order to build a sustainable business".
WTF?
They are on track to disperse $500million to content creators and take in 5% of all revenue and 5% toward "transaction fees".
That's upward of $50mill to cover running and transaction costs for a business that isn't much more than an order taker. Tech obviously costs a bit to maintain, but am I missing something here? How could a successful business like this NOT be profitable?
- For starters, they're probably paying 4 to 5% in transaction fees.********
- Investors, investors, investors.Nairn
- For starters, they're probably paying 4 to 5% in transaction fees.