TheModrenMan said:
Patreon announced that they'd be moving to a new tiered strategy with the option of multiple plans for content creators. While this is fine in theory, the problem is that their "Pro" plan - essentially what they have now - increases their cut of your money from 5% to 8%.

www.patreon.com/new-creator-plans

This means that, if you want to keep the current rate, you'd need to either go for the "Lite" plan - which is missing a ton of features - or start your Patreon now and be grandfathered into the Pro plan with the same 5% rate.

Basically, if you ever plan to start a Patreon, you should do it before May.

Hawkeye said:
Ugh. Fucking Patreon. From what I heard about them it seemed inevitable they'd try to pull something like this eventually.

EoD said:
I mean, from what I understand they aren't bringing in enough money to keep functioning as is. And considering their only revenue source is their cut from donations to their users, it was inevitable. It was either increase their cut, or keep operating at a loss and eventually go under.

At least they're letting everyone know well in advance.

Changer said:
They are bringing in more than enough money to keep their site going, EoD. The problem is, they accepted Venture Capital a while back, and venture capitlists are worse than loan sharks. They don't just want their money back, they want more money every month than the last until it becomes unsustainable and then they kill the business.

This change has nothing to do with them being an "unsustainable" model in practice. It's only to bring in more money to appease the demands of their true owners.

retroactivefailure said:
The operating costs aren't the problem. The investors who constantly want gigantic, frankly unsustainable growth numbers are the problem.

www.crunchbase.com/organization/patreon#section-overview

Changer said:
They are bringing in more than enough money to keep their site going, EoD.

Sir_Lurksalaot said:
<<twitter.com/FoldableHuman/status/1092846201374892032|Here's a source you may have seen before>> and yeah, $20 million in 5+ years seems like enough to sustain.