Patreon just announced they raised a new round of investment at at $4B valuation ($155M in the round). If you’re asking yourself why, here are some interesting numbers about the creator economy and about freelancers.
The growth of freelancing worldwide is staggering. In the US alone, freelancers make up 35% or 55 million workers who collectively earned $1 trillion in 2016. That number is predicted to reach 43% by 2020 with some analysts citing that figure at 80% of the global workforce by 2030.
This is from here (sorry for the Medium link).
And here’s what Patreon were saying in March 2020:
A large number of creators are launching on Patreon. More than 30,000 creators launched in the first 3 weeks of March 2020 alone, and these new creators are acquiring patrons faster than usual.
The COVID pandemic forced some processes to happen earlier than initially thought: it’s obvious that freelancers/creators are on their way to become the main part of workforce earlier than 2030.
I feel that we’ll see a lot of new tools targeting this growing part of the workforce, even more than what we see now.
Image from Canva