Patreon now has 79,420 creators, according to Tom Boruta, a developer who tracks Patreon statistics under the name Graphtreon. (He has his own Patreon — “Graphtreon is creating Patreon graphs, statistics, and history” — which earns more than $500 a month.) Patreon lets creators hide the amount of money they are actually making, although the number of patrons is still public. Boruta’s numbers are based on the roughly 80 percent of creators who publicly share what they earn. Of those creators, only 1,393 — 2 percent — make the equivalent of federal minimum wage of $7.25 an hour, or $1,160 a month, in October 2017. Worse, if we change it to $15 per hour, a minimum wage slowly being adopted by states, that’s only .8 percent of all creators. In this small network designed to save struggling creatives, the money has still concentrated at the top.

2% is double what I expected it to be. The .8% of people making more than a 'living' wage is what I would expect of a service like this. There is always a few people at the top, then the 80% who don't make anything.


kleinbl00:

Ahhh, the busker economy. I have an opinion about this, much to the astonishment of the assembled intelligentsia.

Patreon, Indiegogo, Kickstarter, GoFundMe, the lot of them are basically ePaydayLoans. They charge an absurd amount for basically acting as a payments processor. We've developed a Kabuki whereby the supplicant does the Kickstarter Dance so that their friends and relatives are cajoled into giving you money through the sheen of legitimacy. It also allows the supplicant to disregard the nonmonetary help of any and all comers - no less than four asshole directors I've worked with have turned down my assistance as a creative in favor of begging for my money so they can "afford" to do the work themselves.

And really - who uses these services? Generally people who do not have a product viable enough to stand up on its own. I really enjoy John Dolan's commentary but no, I'm not going to pay $5 per podcast to hear him ramble. 2,681 people do, though. That makes him one of the 1%.

Kickstarter is basically a business loan that charges you 20%. That's pretty fuckin' horrible terms. But if you can't find better because your idea is shit, go for it I guess. And I say this having underwritten three Kickstarters. In all three cases, they were ideas that would have been underwritten by conventional financing if only their creators had looked a little harder. Patreon? Patreon is a tip jar for people too introverted to sit on a street corner with an open guitar case... and I say that having supported a couple Patreons.

But it's shit, and it makes the world worse, and I hate it.


posted by francopoli: 51 days ago