From Extra Crunch Patreon, the focus of our first EC-1, has now announced the new pricing tiers that they telegraphed in our deep dive. New reports discuss the growing demand for foreign talent and consumer annoyance with media fragmentation (i.e. can’t everything just be on Netflix?) One of our Verified Expert lawyers, José Ancer, discusses […]
View More Extra Crunch Daily: Exascale ComputingCategory: Patreon
Patreon’s new fees are surprisingly low
Patreon announced today that it was creating multiple pricing tiers for its membership service, with varying levels of features offered depending on price. The company will now offer a “Lite” offering that charges a 5% commission, a “Pro” offering at 8%, and a “Premium” option at 12%, with discounted rates for existing founders. Today’s announcement […]
View More Patreon’s new fees are surprisingly lowThe gaming clips service, Medal has bought Donate Bot for direct donations, and payments
The Los Angeles-based video gaming clipping service, Medal, has made its first acquisition as it rolls out new features to its user base. The company has acquired the Discord -based donations and payments service Donate Bot to enable direct payments and other types of transactions directly on its site. Now, the company is rolling out […]
View More The gaming clips service, Medal has bought Donate Bot for direct donations, and paymentsFacebook’s Patreon clone hits creators where it hurts: their wallet
Imitation is the sincerest form of petty theft.
Facebook invited some page owners to try out its Fan Subscription service Monday night, a new feature that directly competes with Patreon. But the terms of the agreement and Facebook’s history with page…
Facebook wants up to 30% of fan subscriptions vs Patreon’s 5%
Facebook will drive a hard bargain with influencers and artists judging by the terms of service for the social network’s Patreon-like Fan Subscriptions feature that lets people pay a monthly fee for access to a creator’s exclusive content. The policy document attained by TechCrunch shows Facebook plans to take up to a 30 percent cut […]
View More Facebook wants up to 30% of fan subscriptions vs Patreon’s 5%Patreon’s future and potential exits
Through the Extra Crunch EC-1 on Patreon, I dove into Patreon’s founding story, product roadmap, business model and metrics, underlying thesis, and competitive threats. The six-year-old company last valued around $450 million and likely to soon hit $1 billion is the leading platform for artists to run membership businesses for their superfans. As a conclusion […]
View More Patreon’s future and potential exitsStartups Weekly: Is Y Combinator’s latest cohort too big?
Plus, e-scooter subscription services are a thing now, the Vision Fund is betting big on autonomous delivery and Facebook almost bought Unity.
View More Startups Weekly: Is Y Combinator’s latest cohort too big?Urban unicorn renewal
Three cities, three dead urban unicorn renewal projects. In just the past few days, we’ve had Foxconn renege on Wisconsin, Amazon renege on NYC, and GE renege on Boston. Each followed the Anna Karenina principle that every unhappy economic development deal is unhappy in its own way: for Foxconn, it was trade tariffs and slowing […]
View More Urban unicorn renewalThe Patreon EC-1
TechCrunch is launching a new format for Extra Crunch members, called the EC-1. Modeled after the Form S-1 filing that late-stage startups submit to the SEC as part of the IPO process, EC-1s are authoritative, deep analyses into growth-stage startups. Through extensive interviews and research, an EC-1 acts as a case study for entrepreneurs and […]
View More The Patreon EC-1The founding story of Patreon
It’s May 7, 2013 and Jack Conte is, in his own words, “totally exhausted, slash, totally wired, in that really weird in-between zone.” He has spent 18 hours per day for the last 50 days building a replica of the Millennium Falcon set from “Star Wars” and shooting a music video in it. When Conte […]
View More The founding story of PatreonThe product of Patreon
Patreon is aggressively pursuing a new three-year product vision that is, in the words of SVP of Product Wyatt Jenkins, to build “the world’s best membership SaaS product for creators.” With about 90 engineers and product managers, the company sees an opportunity to own a particular niche that’s not well served by other B2B software […]
View More The product of PatreonThe business of Patreon
Patreon provides business infrastructure to independent content creators: people making videos, music, podcasts, paintings, comics, games, magazines and other forms of media for fans online. It helps them turn the small subset of superfans within their broader fan base into paying monthly patrons and manage relationships with those patrons across the web. Patreon is angling […]
View More The business of Patreon