Last week, we reported on fan-funding service Patreon’s launch of a new service called ‘Patreon Capital’, providing cash advances to creators, repayable from future income earned on its platform.
In an ‘Ask Me Anything’ (AMA) interview on Reddit, CEO Jack Conte has been responding to some of the questions around how the model will work – including one about whether Patreon Capital creators will be getting an unfair advantage over others on the service. “That’s not what’s happening here. First, we don’t currently have any kind of algorithmic discovery in which we could even give someone a boost,” wrote Conte. “We DO have a creator partnerships team, and of course we have been in tight communication with the creators who have so far taken part in this program. In the sense that we get on the phone and help them understand the process, talk them through the program — yes, they are getting extra hands on attention. But i think it’s the responsible thing to do to be more communicative and to be closer in touch if someone is trying out Patreon Capital, especially while it’s in such an early phase.”
Conte also responded to a question about whether Patreon will ever support ‘one-time payments’ (rather than just ongoing funding) with an interesting hint. “We might be dipping our toes in the water on a first version of something like this at some point this year. It’s not exactly a ‘one-time payment’ but it think it might solve that same problem…”
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…