What’s Behind Patreon’s $4B Valuation?

Getty Images Patreon has been a keystone in the creative economy since 2013, helping over 200,000 independent artists, musicians, writers and others build broad subscription-based support from users for their projects and lifestyles ... The company has reportedly distributed over $2 billion to creators over the past seven years and has accelerated in 2020 to $1 billion a year, relying on a 5-12% cut of revenues raised through a network of 6 million subscribers ... Amid hints that Patreon may take advantage of the SPAC boom to go public, Conte said he is fielding a lot of inquiries based on the heightened attention on the creator-driven economy, but there is no timeline for such an announcement.