Re:Patreon laid off their security team
by dagi3d on Thursday September 08, 2022 @06:54PM
(#32773149)
you don't have pay back your vc's you raised from(unless you raised debt).
another story is that their investors might have forced them to cut costs and make everything needed to become profitable as soon as possible.
[ Parent
| on HN ]
Re:Patreon laid off their security team
by LegitShady on Thursday September 08, 2022 @07:15PM
(#32773325)
edited my post. We don't know the terms of the funding so that was just a guess. Even still I don't think they're rolling in money. They're ~10 years old but until 2019 they were only taking 5%. I'd guess they've always lost money.