12-21-2018, 07:46 PM
I seriously doubt Patreon will survive this.
Patreon is a startup that relies on venture capital and angel investors to keep the business running. They may or may not be close to going public, but either way investors are going to be wary of putting more money into a company that may soon be under Federal scrutiny for possibly violating anti-trust laws.
Venture capitalists fund startups that they reasonably expect will become profitable and pay a worthwhile return on their gamble. Regular investors buy stock in public companies with the expectation of earning dividends on their shares. Neither group wants to invest in a company that may be on the hook for fines and restitutions as a result of wrongdoing.
If Patreon does somehow survive and go public, Cunty and Hart will be out on their asses. The investors may take the company away from them even if it doesn't go public, and bring in competent managers who won't torpedo their own ship. It's amazing that they let a fucking musician be the CEO for 4 years to begin with.
Remember, Cunty said he started Patreon in order to get paid for his own creations. He's always been in it for himself and doesn't give a shit about the other creators.
Patreon is a startup that relies on venture capital and angel investors to keep the business running. They may or may not be close to going public, but either way investors are going to be wary of putting more money into a company that may soon be under Federal scrutiny for possibly violating anti-trust laws.
Venture capitalists fund startups that they reasonably expect will become profitable and pay a worthwhile return on their gamble. Regular investors buy stock in public companies with the expectation of earning dividends on their shares. Neither group wants to invest in a company that may be on the hook for fines and restitutions as a result of wrongdoing.
If Patreon does somehow survive and go public, Cunty and Hart will be out on their asses. The investors may take the company away from them even if it doesn't go public, and bring in competent managers who won't torpedo their own ship. It's amazing that they let a fucking musician be the CEO for 4 years to begin with.
Remember, Cunty said he started Patreon in order to get paid for his own creations. He's always been in it for himself and doesn't give a shit about the other creators.
