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On Monetizing Community with Patreon Cofounder Sam Yam
a16z Podcast
The One Thousand True Fans Model Versus 100 True Fans
The 100 true fans model is about tapping into the idea of fan ultruism, where users are willing to pay you for something that benefits the creator because they want to support you. In order to get people to part with a thousand dollars a year, users need to be willing to pay for premium content and community which isn't really available elsewhere. A lot of it is oriented around delivering tangible value and results.
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