(2019-02-05) Patreon CEO Says The Company's Generous Business Model Is Not Sustainable As It Sees Rapid Growth

Patreon CEO says the company's generous business model is not sustainable as it sees rapid growth. Under the company's current business model, 90 percent of funds are paid directly to content creators. Patreon takes 5 percent, and the remaining 5 percent covers transaction fees.

"The reality is Patreon needs to build new businesses and new services and new revenue lines in order to build a sustainable business," Conte said.