- Joined
- Aug 20, 2018
basically a lot of slippery slope logic with a sales pitch for subscribe star at the end.
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Public statements from the management at Patreon and negative balances also paint an alarming picture for people who rely on it to be fair. I don't think Carl really has anything to do with it other than perhaps speeding this up though. I have no idea how a company that basically just runs a website and does some very basic and largely automated accounting could be spending over $25 million a year on operations which is the real tell something is going horribly wrong at Patreon.Felt like this belonged here. Sargon's other tard cum fed gimp made a video today. He is dancing around about the chance that Patreon might be having a couple issues. Trying to pin the problem on "muh sargon banning". He once again confirms that Sargon could have been back on patreon if he has just made a half assed apology. SFO has been running the narrative for Sargon's deplatforming for a while now. He basically spends most of the video fear mongering that Patreon is going to make creators sign contracts so they will own your content, will start offering a higher percentage withheld to process their payments faster and will become a tiered system to suck more money out of creators.
basically a lot of slippery slope logic with a sales pitch for subscribe star at the end.
probably hiring too many people if I had to guess. They are hiring people to check out the content of their creators to hunt for wrong think. Glass door has limited reports on their employment, but I was able to find this. They report that patreon has 305 employees. Just figuring that all of them are base level (which they all aren't) and make a living wage of $15 an hour since its an uber progressive company. Each employe would make $600 a week working a standard 8 hour day for 5 days. So all 305 would cost the company $183,000 in payroll a week, multiple that by 52 weeks in the year and you get $9,516,000 which is more than their reported earnings on that same page that I pulled the 305 employee number from. Their reported earnings on that site were $7,500,000.Public statements from the management at Patreon and negative balances also paint an alarming picture for people who rely on it to be fair. I don't think Carl really has anything to do with it other than perhaps speeding this up though. I have no idea how a company that basically just runs a website and does some very basic and largely automated accounting could be spending over $25 million a year on operations which is the real tell something is going horribly wrong at Patreon.
Wasn't the company bragging about clearing 500mil recently? 5% of that would be 25mil in revenue. I'm confusedprobably hiring too many people if I had to guess. They are hiring people to check out the content of their creators to hunt for wrong think. Glass door has limited reports on their employment, but I was able to find this. They report that patreon has 305 employees. Just figuring that all of them are base level (which they all aren't) and make a living wage of $15 an hour since its an uber progressive company. Each employe would make $600 a week working a standard 8 hour day for 5 days. So all 305 would cost the company $183,000 in payroll a week, multiple that by 52 weeks in the year and you get $9,516,000 which is more than their reported earnings on that same page that I pulled the 305 employee number from. Their reported earnings on that site were $7,500,000.
From base information I can gather, they simply hire way too many people. Maybe they anticipated a bigger market growth and severely overestimated that figure. I would expect layoffs from the company soon to scale back payroll.
I have no clue. All I can find is 2017 information on their financial performance. What i calculated is a rough figure. That isn't even taking into account CEO benefits package, cost to run the company, utilities, insurance, employee benefits, etc. A rough figure already has their payroll alone at almost 10 million. So even with 25 mil, that's almost half their revenue gone already. I'm guessing they aren't a publicly traded company since they offer no links on their website to an annual statement or an investors report etc. Could be a privately held corporation that has not had an IPO.Wasn't the company bragging about clearing 500mil recently? 5% of that would be 25mil in revenue. I'm confused
iirc the 500m figure was over the lifespan of patron.Wasn't the company bragging about clearing 500mil recently? 5% of that would be 25mil in revenue. I'm confused
Poking around, it looks like maybe they cleared 500 million total over the life of the company by the end of 2018 or thereabouts. I'm not really sure where I'm pulling that from.I have no clue. All I can find is 2017 information on their financial performance. What i calculated is a rough figure. That isn't even taking into account CEO benefits package, cost to run the company, utilities, insurance, employee benefits, etc. A rough figure already has their payroll alone at almost 10 million. So even with 25 mil, that's almost half their revenue gone already. I'm guessing they aren't a publicly traded company since they offer no links on their website to an annual statement or an investors report etc. Could be a privately held corporation that has not had an IPO.
according to https://craft.co/patreon they made 7.5 mil in revenue in 2017. https://craft.co/patreon/source-markers/24579?highlight_text=7500
that number is also mentioned in this tech crunch news article. https://techcrunch.com/2017/09/14/patreon-series-c/
So we have a bead on 2017 at least. Maybe they are doing more in 2019, but the other costs of doing business especially in a tax heavy state like California, can't be cheap. Also on the glass door review i posted in my last message, some of the listed employees work from home apparently since their job listing is in states outside of California. Probably also some added cost for the telecommunications for work from home employees as well.
Their linkedin page lists 303 employees. These are people who made linkedin accounts and listed Patreon in their work history.Poking around, it looks like maybe they cleared 500 million total over the life of the company by the end of 2018 or thereabouts. I'm not really sure where I'm pulling that from.
A company like Patreon really should have staffing as its main expense. Tech companies like that which basically run a website should be extremely asset-light and super easy to scale. If they really wanted to, they could basically use somebody's house as the management HQ and have everyone work remote. The number of employees you listed seems absurdly high too, so I'll stick with that company being terribly mismanaged and it not really having anything to do with Carl. There are tons of things Patreon could do to expend and remain asset light too like acquiring or partnering with a printing facility and adding merch store functionality to their site or adding a stream-labs/superchat-like feature. Overall, I have no idea what the fuck they're doing wrong there.
Nothing he’s describing there is impossible or the sign of a death knell. Honestly if SubStar ever gets as big it’ll end up doing similar things because that’s just how businesses evolve.Felt like this belonged here. Sargon's other tard cum fed gimp made a video today. He is dancing around about the chance that Patreon might be having a couple issues. Trying to pin the problem on "muh sargon banning". He once again confirms that Sargon could have been back on patreon if he has just made a half assed apology. SFO has been running the narrative for Sargon's deplatforming for a while now. He basically spends most of the video fear mongering that Patreon is going to make creators sign contracts so they will own your content, will start offering a higher percentage withheld to process their payments faster and will become a tiered system to suck more money out of creators.
basically a lot of slippery slope logic with a sales pitch for subscribe star at the end.
Felt like this belonged here. Sargon's other tard cum fed gimp made a video today. He is dancing around about the chance that Patreon might be having a couple issues. Trying to pin the problem on "muh sargon banning". He once again confirms that Sargon could have been back on patreon if he has just made a half assed apology. SFO has been running the narrative for Sargon's deplatforming for a while now. He basically spends most of the video fear mongering that Patreon is going to make creators sign contracts so they will own your content, will start offering a higher percentage withheld to process their payments faster and will become a tiered system to suck more money out of creators.
basically a lot of slippery slope logic with a sales pitch for subscribe star at the end.
He got triggered by Carl hurting his sensibilities and started crying. Took the SJW stuff to heart and actually bought it rather than using it as a tool like most political operators in that sphere I guessYou know? Every time I watch these clips of Sargon failing at a debate, it makes me wonder what the fuck was wrong with Thomas Smith, the one guy he did own (and he didn't really own Smith as much as Smith owned himself by acting like a baby)
You know? Every time I watch these clips of Sargon failing at a debate, it makes me wonder what the fuck was wrong with Thomas Smith, the one guy he did own (and he didn't really own Smith as much as Smith owned himself by acting like a baby)
You know? Every time I watch these clips of Sargon failing at a debate, it makes me wonder what the fuck was wrong with Thomas Smith, the one guy he did own (and he didn't really own Smith as much as Smith owned himself by acting like a baby)
Thomas Smith is like a male feminist strawman.You know? Every time I watch these clips of Sargon failing at a debate, it makes me wonder what the fuck was wrong with Thomas Smith, the one guy he did own (and he didn't really own Smith as much as Smith owned himself by acting like a baby)
That's the most important point, agreed.Carl also had the entire crowd on his side.
He's not a Farage fan anymore though. He did say he 'fangirled' when he met him, but after Farage resigned from UKIP, Carl posted a picture of him as an NPC.That's the most important point, agreed.
And it shows where Carl's USI comes from - He can win a debate only when surrounded by fanboys, whereas all of his big political heroes like Nigel Farage go on debates where the audience consists of hand-picked "diverse" millenials who absolutely despise him.
He's not a Farage fan anymore though. He did say he 'fangirled' when he met him, but after Farage resigned from UKIP, Carl posted a picture of him as an NPC.
I mean Batten pays and Farage didn’t have his own party during Carl’s disavowal.Carl must have a such a difficult time choosing between daddies
I mean Batten pays and Farage didn’t have his own party during Carl’s disavowal.
Professionalism aside, Carl wasn’t fond of Farage saying the party focused too much on Islam. And Carl’s hate boner for Islam is second only to feminism.