Patreon might be the most fuzzy, feel-good creator platform out there. But whenever it tries to change things up in a way that might put more money in its pockets, its loyal but vocal users have something to say.
On Tuesday, Hot Pod first reported (and other outlets confirmed) that Patreon had quietly offered a new service to some creators called Patreon Capital. Essentially, it offered loans in the realm of $75,000, with the expectation that the creators would pay it back plus interest from their future earnings. In one example, the future Patreon earnings of a Patreon-funded podcast by the same creator network was taken as collateral.Some saw it as a savvy business move and useful service to creators looking to grow and invest in their businesses. Read more...
More about Creators, Patreon, Tech, Web Culture, and Social Media Companiesfrom Mashable https://mashable.com/article/patreon-capital-creator-backlash/
via Middlesbrough
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