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A comment on Patreon Gains $30M Series B Funding to Support Growth. Parent comment

Re:Patreon Gains $30M Series B Funding to Support Growth by gizmo686 on Wednesday January 20, 2016 @09:38PM (#10942990)
Even if Patreon doesn't have a big exit, it could still make a profit, and that profit could then go back to the investors.

According to the article, this gives Patreon a $47 million valuation, and Patreon has 17,000 artists.

That is only ~$2,800 per current artist.

Given that this investment is made with exception of growth, this does not seem like an unreasonable valuation.

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Re:Patreon Gains $30M Series B Funding to Support Growth by vecter on Wednesday January 20, 2016 @10:21PM (#10943149)
$47M isn't their valuation, it's the amount they've raised. No company would raise $30M at a $47M valuation unless they were very desperate.
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Re:Patreon Gains $30M Series B Funding to Support Growth by hkmurakami on Wednesday January 20, 2016 @11:30PM (#10943364)
The valuation is likely something like $150mm. (20% ownership for the B round post money)
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