Patreon

from Wikipedia, the free encyclopedia
Patreon, Inc.

logo
legal form Corporation
founding 2013
Seat San Francisco (USA)
management Jack Conte ( CEO )
Branch Social payment
Website www.patreon.com

Patreon is an American social payment service provider. Through Patreon, artists and creatives can regularly receive a self-determined amount of money from their fans. The platform is enjoying increasing popularity with web video producers , musicians, podcasters and bloggers .

history

Patreon was founded in May 2013 by musician Jack Conte , who was looking for a way to make a living from his popular videos on YouTube . Together with Sam Yam , he developed a platform that enables so-called cartridges (sponsors) to automatically pay the artist a certain amount every time the artist uploads a new video, for example. In a first round, the company raised $ 2.1 million from venture capitalists and business angels in August 2013. In another round, the company raised $ 15 million. As of January 2016, Patreon received $ 47.1 million.

More than 125,000 cartridges were registered in the first 18 months. In late 2014, Patreon announced that it is paying more than $ 1 million to content producers every month.

The website was targeted by cyberattacks in October 2015 . Around 15 gigabytes of password data, donation registrations and source code were stolen and published. In addition, more than 2.3 million email addresses and millions of private messages became public. As a result, some cartridges or donors received blackmail emails asking them to make Bitcoin payments for their private data .

In January 2017, Patreon announced that over $ 100 million has been paid to artists through Patreon since its inception.

Business model

Artists on Patreon are classified according to product type, including video / film, podcast, games, education, etc. These content producers create their own page on the Patreon website, where they provide information about themselves and whether they are from Patrons on a monthly basis Want to receive basic payments or per produced and published content. Artists usually indicate how high their goal of monthly payments is. Patrons can cancel their payments at any time. Similar to other platforms of this type, Patrons receive certain benefits depending on the amount of their payments, for example earlier access to the produced content or exclusive videos with thanks.

Patreon withholds 5 to 12% commission from the payments made by the cartridge to the artists. Another approx. 5% of the payments are omitted due to transaction fees. This leaves the artist himself on average 90% of the income from Patreon. As of April 2018, the average payment size was $ 12 with one million patrons and 50,000 new artists and content producers on the platform each month. The total earnings of all artists in 2017 were $ 150 million.

criticism

Patreon has been criticized for tightening its terms and conditions regarding pornography and comments on YouTube.

Web links

Individual evidence

  1. ^ Levitz, Dena: Donation, Patron Services Help Fans Support Their Favorite Authors , PBS. September 9, 2013. Accessed March 1, 2014. 
  2. ↑ Tate, Ryan: The Next Big Thing You Missed: 'Eternal Kickstarter' Reinvents Indie Art , Wired. October 22, 2013. Accessed March 1, 2014. 
  3. ↑ Victor Luckerson: Top 10 Exciting Startups , Time. December 4, 2013. Accessed March 1, 2014. 
  4. ^ Sarah Buhr: Patreon Raises $ 15 Million Series A, Revamps Site To Focus More On Content . TechCrunch. June 23, 2014. Retrieved August 26, 2014.
  5. ↑ Patreon Raised $ 15 Million ( english ) YouTube. June 23, 2014. Accessed July 16, 2016.
  6. ↑ Buhr, Sarah: Patreon Gains $ 30 Million Series B Funding To Support Growth . TechCrunch. January 19, 12016. Retrieved June 26, 2016.
  7. ↑ Stuart Dredge: Amanda Palmer races to crowdfunding $ 13,000 per release in Patreon . Retrieved June 11, 2015.
  8. ↑ Creators on Patreon Receive Over 1,000,000 per Month From Patrons . October 10, 2014. Retrieved June 12, 2015.
  9. ↑ Troy Hunt: Pwned websites - patreon . Retrieved October 7, 2015.
  10. ^ Dan Goodin: Gigabytes of user data from hack of Patreon donations site dumped online . October 2, 2015. Retrieved October 7, 2015.
  11. ^ Extortion attempt on victims of Patreon site hack . Retrieved November 3, 2016.
  12. ↑ Scammers fumble Attempt to extort patreon user . Retrieved November 3, 2016.
  13. ^ John Biggs: Extortionists Are Threatening To Release Patreon User Data . Retrieved November 3, 2016.
  14. ↑ Creators have made $ 100M on Patreon . Retrieved January 9, 2017.  ( Page no longer available , search in web archives )@1@ 2Template: Dead Link / patreonhq.com
  15. ↑ How do I become a creator and make a page on Patreon? ( en-US ) Archived from the original on February 3, 2017. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved February 3, 2017. @1@ 2Template: Webachiv / IABot / patreon.zendesk.com
  16. ↑ https://www.patreon.com/product/pricing
  17. ↑ Best way for artists and creators to get sustainable income and connect with fans | Patreon . In: Patreon . ( patreon.com [accessed April 21, 2018]).
  18. ↑ About | Patreon . In: Patreon . ( patreon.com [accessed April 21, 2018]).
  19. ↑ Leo Kelion: Porn-makers challenge crowdfunding ban . In: BBC News . October 25, 2017 ( bbc.com [accessed July 17, 2020]).
  20. ↑ Patreon Bans Adult Content , July 2, 2018
  21. ^ Nellie Bowles: Patreon Bars Anti-Feminist for Racist Speech, Inciting Revolt . In: The New York Times . December 24, 2018, ISSN  0362-4331 ( nytimes.com [accessed August 17, 2020]).