Chapter
The Dark Side of Crowdfunding
37:21 - 41:01 (03:39)
The speaker argues that crowdfunding might not be a good business to invest in, as a company would need to make 20 times its revenue to be a billion dollar business, and people usually don't donate money.
Clips
The speaker argues that while most people believe Patreon is a good business, it might actually be a bad one as it requires huge revenue flows to reach the billion-dollar mark.
37:21 - 39:40 (02:18)
Patreon
Summary
The speaker argues that while most people believe Patreon is a good business, it might actually be a bad one as it requires huge revenue flows to reach the billion-dollar mark.
ChapterThe Dark Side of Crowdfunding
Episode#29 - Powder Diets, Instagrammable Experiences & Distribution First
PodcastMy First Million
A discussion on the different tips and cuts on Twitch and Patreon and how people tend to tip more than expected.
39:40 - 41:01 (01:20)
Twitch, Patreon
Summary
A discussion on the different tips and cuts on Twitch and Patreon and how people tend to tip more than expected. Additionally, Patreon's attempted increase to seven percent caused an uproar among users.