| Founded | 2013 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Media |
| Total raised | 412 |
| Collapse type | Mass Layoff Spiral |
| Founder | Jack Conte |
Patreon
"Creator economy platform hit $4B valuation — then laid off twice, cut valuation by half, and watched Substack steal the newsletter writers"
Cascading layoffs that accelerated the decline
Key Events Timeline
Patreon was the first creator subscription platform — musicians, podcasters, and artists charged fans monthly for access.
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