Patreon - Full Time/Passive Income?

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Patreon is an Internet-based platform that allows content creators to build their own subscription content service. It is popular among YouTube content creators, webcomic artists, writers, podcasters, musicians, and other categories of creators who post regularly online.[1] It allows artists to receive funding directly from their fans, or patrons, on a recurring basis or per work of art.[2] The company, started by musician Jack Conte[3] and developer Sam Yam[3] in 2013, is based in San Francisco.[4]

Patreon was founded in May 2013 by artist Jack Conte,[3] who was looking for a way to make a living from his popular YouTube videos.[5] Together with Sam Yam he developed a platform that allows patrons to pay a set amount of money every time an artist creates a work of art. The company raised $2.1 million in August 2013 from a group of venture capitalists and angel investors.[6][7] In June 2014 the company raised a further $15,000,000 in a series A round led by Danny Rimer of Index Ventures.[8][9] In January 2016, the company closed on a fresh round of $30 million in a series B round, led by Thrive Capital which puts the total raised for Patreon at $47.1 million.[10]
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