Crowdfunding moves beyond project funding

The latest player on the crowdfunding scene is bringing back the role of the patron with on-going funding models.
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Study for ‘Patrons and Lovers of Art’, Pieter Christoffell Wonder; Source: National Portrait Gallery, London

For people creating content – YouTube music videos, web comics, blogs, photos – on a regular basis, a website set up by a San Francisco musician and a serial entrepreneur is providing a pathway into an ongoing income stream.

Launched in May 2013, Patreon takes a different tack to traditional crowdfunding websites. It’s not about launching a campaign to get funding for one major project. Instead, creators encourage people to become ongoing supporters by either pledging to provide a particular level of funding each time they post new content such as a song or a video, or by making a monthly pledge.

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Christine Long
About the Author
Christine Long is a Sydney freelance journalist.