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A comment on Patreon Raises $90M Series E at $1.2B Valuation. Parent comment

Re:Patreon Raises $90M Series E at $1.2B Valuation by muzani on Wednesday September 02, 2020 @02:15AM (#24350508)
Facebook was valued at $1b around 2006.

On July 17, 2007, Zuckerberg said that selling Facebook was unlikely because he wanted to keep it independent, saying "We're not really looking to sell the company... We're not looking to IPO anytime soon. It's just not the core focus of the company."

I think FB started turning bad around 2015. So if we're comparing Patreon to FB, give it another 10 years before they look like something else. Even Google had to be worth several billions before they dropped the "don't be evil" motto.

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Re:Patreon Raises $90M Series E at $1.2B Valuation by chipotle_coyote on Wednesday September 02, 2020 @02:40AM (#24350631)
Interesting theory. Hopefully you're right -- it'd give someone else time to come up with a viable competitor. Ideally, competitors, plural, of course. (Kickstarter had been working on one, but evidently decided the numbers didn't add up.)
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