QUINTIX

former math wiz and present contract programmer; generally I do not follow back, sorry. he/him (suck ‘em pronouns, STEMlords)

[Susannah Black Roberts @suzania]

I'm always iffy re giving attention to accounts/ideas like this, but I think it's on balance good. Look at this account and click through to see what he means by Christianity, in order to understand what I'm talking about when I oppose racialist vitalism with a Christian tinge.

[QUINTIX @QUINTIX256]

How did I? Well I guess leaving non-follower replies off is a good thing, even if by accident.

[QUINTIX @QUINTIX256]

I’ve been quiet here because I’ve grown into my less closeted alt. I have no plans for moving this handle anywhere. I barely have plans for moving my alternate handle, which itself was a carry-over from Tumblr.

[patrick mcmahon @patricksmcmahon]

not having enough money to run trains more than four times an hour but having enough money for "undercover sting operations"

[TCF.org 💙💜🩷 @tcf_org_]

DO NOT IGNORE!! 🚨🚨🚨

Thread of Black Trans crowdfunds/mutual aids:

[QUINTIX @QUINTIX256]

@Crobisaur https://t.co/4BfYVVFLEo hope this is good news

[Dan Olson @FoldableHuman]

Oh, BEE TEE DUBS, this is Thrive Capital:

[Dan Olson @FoldableHuman]

(Also it's just cute to point out that if they hadn't taken the additional $60m in funding 16 months ago, 2018's growth would have probably looked the same and revenue would have now surpassed investment.)

[Dan Olson @FoldableHuman]

So Patreon has made around $55m in direct revenue, but they're in hock to Thrive Capital for ~$107m, and Thrive doesn't just want their money back with interest.

Thrive wants all the money.

[Dan Olson @FoldableHuman]

Here's the September 2017 blog post where Jack talks about the $60m Thrive Capital gave them and a rough sketch of the forward business plan.
https://t.co/O1ovMJP34M

[Dan Olson @FoldableHuman]

So Patreon has made around $55m in revenue since 2013. If their startup money had been a loan they'd have probably paid it back by now and would be operating a pretty sustainable service.

But it's not a loan.

It's ~InveStMeNt CaPitAL~

[Dan Olson @FoldableHuman]

This is the bizarro upsidedown that capital lives in. Their existing model, handle the logistics of subscription service for businesses too small to handle them directly, is the definition of sustainable. It scales up ridiculously well.

[Dan Olson @FoldableHuman]

I don't want to be doom and gloom, but Patreon is about to eat itself. Or, more specifically, the investors who demand geometric growth are about to demand Patreon eat itself.
https://t.co/Ze7Z0g829Z