Patreon to start offering loans to creators
According to Variety:
“Patreon, the subscription-based fan platform, is eyeing a range of new services to support creators — including potentially providing loans at some point, CEO Jack Conte said.
“Conte, speaking at Variety’s Entertainment & Technology Summit in L.A., said Patreon is considering ways to provide capital funding and other financial services to artists, as well as services like health insurance and HR support.
“‘Nobody’s building for creators right now,’ Conte said. ‘Even [platforms] that say they’re building for creators aren’t — advertisers are their customers.’
“’It’s so hard for creators to get a loan,’ said Conte. He talked about his difficulty getting a home loan when he was an indie musician in the band Pomplamoose with his wife, Nataly Dawn. The lender wanted to see Conte’s pay stubs; ‘I sent my iTunes sales reports to the bank,’ he said.”The content you are trying to access is only available to members.