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Patreon

Media & Entertainment
Patreon is a San Francisco-based membership platform that lets content creators earn recurring income directly from fans through paid subscriptions, offering exclusive content and community access in exchange.
$1.04B
+$5.21
67.59%
30 days ago
$7.71
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Patreon was founded in 2013 by Jack Conte, a musician and YouTube creator, along with Sam Yam, based on Conte's own frustrating experience trying to monetize his music and video content primarily through advertising revenue and one-off digital sales, a model he and many other independent creators found provided inconsistent, often inadequate income relative to the time and effort required to produce quality creative content, motivating the development of a platform that would let fans directly support creators they valued through ongoing, recurring monthly payments in exchange for exclusive content, early access, or other perks, rather than creators depending primarily on advertising revenue shared through platforms like YouTube or one-time purchases. Patreon's platform lets creators across a very wide range of creative fields, including musicians, video creators, podcasters, writers, illustrators, and many other types of independent creators, set up membership tiers offering different levels of exclusive content, community access, or other benefits at different price points, letting their most dedicated fans provide direct, recurring financial support in exchange for a closer relationship with and more exclusive access to the creator's work, an alternative revenue model to advertising-dependent platforms where creator income can fluctuate significantly based on algorithm changes and advertiser demand largely outside the creator's control. The company has positioned itself as helping build a more direct, sustainable, and creator-controlled income model within the broader "creator economy," giving independent creators a more predictable, recurring revenue stream from their most engaged fans rather than depending entirely on the more volatile and creator-unfriendly economics of advertising-supported platforms. Patreon has expanded its features over time to include tools for creators to more easily deliver various types of exclusive content and community engagement to their paying members, and has built a business model taking a percentage of creator earnings processed through the platform. The company has raised substantial venture funding from investors including Thrive Capital, Wellington Management, and New Enterprise Associates, reaching a valuation exceeding $4 billion at its peak, positioning itself as a prominent platform specifically supporting the direct creator-fan membership and subscription
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.