Decoder with Nilay Patel Patreon CEO Jack Conte on why creators can’t depend on platforms
Jun 22, 2021
Jack Conte, co-founder and CEO of Patreon, dives deep into the creator economy and the direct payment model that supports artists. He discusses the challenges creators face with traditional revenue streams and how Patreon fosters closer bonds between them and their fans. Jack emphasizes the importance of transparency in financial decisions and navigating monetization challenges, all while underscoring the need for creators to build authentic relationships with their audiences amid a shifting digital landscape.
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Low Creator Compensation on YouTube
- Jack Conte invested heavily in a music video, expecting a large viewership on YouTube.
- Despite a potential million views, YouTube's payment would only be $160, highlighting the platform's low creator compensation.
Shifting Art Patronage Models
- Traditional art patronage models involved direct support from wealthy individuals or institutions.
- The 20th century shifted to unit sales, but the internet disrupted this model, leading to a need for new digital revenue streams.
Trade-offs in Art and Commerce
- All art patronage models, including membership, involve trade-offs between artistic purity and commercial pressures.
- Artists must balance creating for themselves versus catering to their audience, regardless of the revenue model.