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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
How to Invest in Equity Crowdfunding
Patreon claims to have 2 million paid subscribers. The company says it has 500 writers on the site, but that's probably not a real number. If they were making $5 per paid subscriber, which is probably more realistic, I'd say they're making between one and two million a month. That means they make $24 million a year right now. They might be close to breakeven or even losing 40 times their top line.
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