Patreon will help fans pay artists more than $140 million this year (Jack Conte, CEO, Patreon)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4 • 585 Ratings

🗓️ 10 August 2017

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Patreon CEO Jack Conte talks with Recode’s Peter Kafka about why the current version of the web, where content is mostly free and supported by ads, is not necessarily the “best version.” Conte’s site makes it possible for subscribers — or "patrons" — to pay creators for what they make and get bonus content or other perks in return, and it's on track to process $150 million in 2017. He predicts that Patreon will one day go public, and explains why he really, really hates it when people call Patreon a “tip jar” or a “fan club.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	In the information age, data is the new oil, which is why Amazon Web Services built Amazon Kinesis,
0:06.0	a powerful new way to collect, process, and analyze streaming data so you can get timely insights and react quickly.
0:13.0	Websites, mobile apps, IOT sensors, and the like can generate a huge amount of streaming data,
0:19.0	sometimes terabytes an hour.
0:24.6	If processed continually, all that data can help you learn about what your customers,
0:28.6	products, and applications are doing right now and take actions in real time.
0:32.7	Amazon Kinesis from AWS lets you do that easily for less.
0:35.7	With Kinesis, you pay only for the resources you use.
0:54.4	No minimums, no upfront commitments. Learn more at Kinesis.a.w.A.W.S. This is RICOMedia, Peter Kofka. That is me. I'm part of the Vox Media Podcast Network. I'm here in San Francisco with the CEO of Patreon, Jack Conti. Welcome, Jack. Thank you. Thanks for having me. I'm doing great. You have a different business model.
0:55.5	You do not sell ads for a living. No, I do not. Nothing wrong with that. Explain what Patreon does for people like me or anyone else who wants to make money. Yeah. So Patreon is... Have I been pronouncing it wrong the whole time? Patreon, Patreon. folks, if you're from, you know, the UK or Canada, a lot of folks say Patreon. So
1:12.6	Patreon, Patreon, no, a lot of folks say Patreon.
1:12.7	So, God, it doesn't.
1:13.5	Patreon, Patreon.
1:14.2	No, it doesn't matter.
1:14.7	I usually get the company name right.
1:16.2	No, well, it's all right.
1:17.5	Patreon. Like Patreon. Patreon. Exactly like patron. Yeah, with an E. Yeah, it's a membership platform that makes it really easy for creators to get paid.
1:25.6	So it's basically a way for a creator to get, you know,
1:28.5	$10 a month from a fan or $ bucks a month or 100 bucks a month in some cases, depending on the fan. And then, you know, you get a, if you're a creator with a big audience, you can get, you know, thousand fans each paying 10 bucks a month. You're making $10,000 a month from those fans for doing what you do best, making putting out web comics making YouTube videos so I say
1:44.6	give me some money yep someone says I would like you to give me some money correct you help
1:49.6	facilitate that process yes and we and we have a CMS on the background to distribute content so you
1:55.1	can send things to only your $10 patrons or your $5 patrons or your $1 page is a full like robust
	...

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