Patreon sells product curation site Kit to GeniusLink

Patreon, the platform for independent content creators to operate membership businesses for their core fans, announced it is selling the assets of Kit.com to localized affiliate link service GeniusLink. Founded in 2015, Kit is a social-shopping platform where influencers curate bundles of products (“kits”) they recommend. When their fans buy products they featured in a […]

Continue Reading →

Tech startups want to destigmatize sex

Sex, despite being one of the most fundamental human experiences, is still one of those businesses that some advertisers reject, banks are hesitant to financially support and some investors don’t want to fund. Given how sex is such a huge part of our lives, it’s no surprise founders are looking to capitalize on the space. […]

Continue Reading →

Roblox EC-1, immigration requirements doubling, grief in the workplace, and cannabis startups

The Roblox EC-1 Following in the wake of our deep profiles of Patreon and Niantic, we have our next EC-1 package, this time on children’s gaming platform Roblox . Extra Crunch writer Sherwood Morrison has covered gaming and startups for years, and he got an in-depth, behind-the-scenes look at the incredibly popular startup with interviews […]

Continue Reading →

300M-user meme site Imgur raises $20M from Coil to pay creators

Meme creators have never gotten their fair share. Remixed and reshared across the web, their jokes props up social networks like Instagram and Twitter that pay back none of their ad revenue to artists and comedians. But 300 million monthly user meme and storytelling app Imgur wants to pioneer a way to pay creators per […]

Continue Reading →

AI dumbos, Niantic, mobility, design, and Google Next

Tomorrow: Google Cloud Next conference call Join TechCrunch’s enterprise mavens Frederic Lardinois and Ron Miller as they discuss what’s happening on the ground and at the (I am sure, very exciting) parties this week at Google Cloud Next in SF. They will talk live tomorrow at 1pm EDT / 10am PDT, and be sure to […]

Continue Reading →

An Equity deep dive on Patreon

The popular TechCrunch podcast Equity this week launched a new series called Equity Dive, wherein a host interviews the writer of the latest edition of the Extra Crunch EC-1. If you’ve ever wanted to know everything there is to know about Patreon, the platform that connects creators with fans and their wallets, then this is […]

Continue Reading →

Extra Crunch Daily: Exascale Computing

From Extra Crunch Patreon, the focus of our first EC-1, has now announced the new pricing tiers that they telegraphed in our deep dive. New reports discuss the growing demand for foreign talent and consumer annoyance with media fragmentation (i.e. can’t everything just be on Netflix?) One of our Verified Expert lawyers, José Ancer, discusses […]

Continue Reading →

Patreon’s new fees are surprisingly low

Patreon announced today that it was creating multiple pricing tiers for its membership service, with varying levels of features offered depending on price. The company will now offer a “Lite” offering that charges a 5% commission, a “Pro” offering at 8%, and a “Premium” option at 12%, with discounted rates for existing founders. Today’s announcement […]

Continue Reading →

The gaming clips service, Medal has bought Donate Bot for direct donations, and payments

The Los Angeles-based video gaming clipping service, Medal, has made its first acquisition as it rolls out new features to its user base. The company has acquired the Discord -based donations and payments service Donate Bot to enable direct payments and other types of transactions directly on its site. Now, the company is rolling out […]

Continue Reading →

Facebook wants up to 30% of fan subscriptions vs Patreon’s 5%

Facebook will drive a hard bargain with influencers and artists judging by the terms of service for the social network’s Patreon-like Fan Subscriptions feature that lets people pay a monthly fee for access to a creator’s exclusive content. The policy document attained by TechCrunch shows Facebook plans to take up to a 30 percent cut […]

Continue Reading →