Jack Conte

19 statements across 2 episodes · 4 bullish · 2 bearish · 1 people on the record · first statement Jan 11, 2021 by Jack Conte · across every show →

On the record as a speaker too: Jack Conte's record, appearances and statements → this page counts the times other people say the name.

Everything said about Jack Conte, oldest first

Jan 11, 2021
Assertion Not publicly verifiable
Conte: Patreon co-founders agreed to a 50-50 equity split
“Yeah, it's in this email. We agree to become fifty-fifty partners in Patreon.”
Jack Conte Jan 11, 2021 ▶ 43:32 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Not checkable as stated
Conte: All 40 creators rejected Patreon's initial launch invitation
“We made an Excel spreadsheet with those folks, and I found their contact info, and reached out to all 40 of them, and all 40 of them said no.”
Jack Conte Jan 11, 2021 ▶ 49:03 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 negative
Disclosure
Conte: Patreon refused to alter content policies to retain high-profile creators
“We weren't going to you know, we weren't going to change our minds to keep two or three creators as painful as that was.”
Jack Conte Jan 11, 2021 ▶ 1:11:45 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Supported
Conte: Patreon raised $15M Series A round in 2014
“In 20, yeah, twenty-fourteen, we raised the fifteen million dollar round.”
Jack Conte Jan 11, 2021 ▶ 1:00:53 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Supported
Conte: Patreon raised $2.1M seed round at $6M valuation
“That first round ended up being 2.1 million at a six million valuation, so it was, you know, about a third.”
Jack Conte Jan 11, 2021 ▶ 56:42 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Not checkable as stated
Conte: Patreon's first content policy took two months and totaled 40 pages
“He built these Jack Conte: Very massive content policy and trust and safety and enforcement systems, and he worked with us for a period of two months to draft the first version of what became Patreon's content policy, which was, turned out to be about 40 page…”
Jack Conte Jan 11, 2021 ▶ 1:07:14 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 positive
Insight
Conte: Patreon's growth was primarily driven by a creator viral cycle
“Some of the people who watched my video were creators themselves, and when they landed on my Patreon page, and they saw this random middle-of-the-road YouTuber making six figures, they had that same mind-blow moment that I had had two years before when Lauren …”
Jack Conte Jan 11, 2021 ▶ 54:09 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Insight
Jack Conte: Online platforms absolutely can define pornography with rigorous explicit rules
“I've heard people say, you can't define porn, you just kind of know it when you see it. I beg to differ. You can define porn.”
Jack Conte Jan 11, 2021 ▶ 1:09:38 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Not checkable as stated
Pomplamoose Earned Around $400K in 2010 Peak Direct Digital Sales
“We did about 400,000 dollars in a year off of mp-three sales, basically. And it was, I think that that year in particular, I think, was 2010.”
Jack Conte Jan 11, 2021 ▶ 24:30 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 bullish
Insight
Conte: Extreme niche creators can reach millions and earn big online
“On the internet, there are literally millions of people who will like your stuff if your ratio is one in a thousand. You can get millions of fans and make hundreds of thousands of dollars a month.”
Jack Conte Jan 11, 2021 ▶ 1:23:26 Patreon: Jack Conte and Sam Yam
Jan 11, 2021
Assertion Supported
Jack Conte: 8chan launched on Patreon to crowdfund the site's initial development
“The thing that caused the debate was a website called eight Chan that launched on Patreon. Guy Raz: Yeah. Jack Conte: And they were using Patreon to fund the development of the site.”
Jack Conte Jan 11, 2021 ▶ 1:03:25 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 negative
Insight
Conte: Creator monetization economics failed to keep up with distribution technology
“The economics of that failed to evolve with the distribution technology. So like the distribution happened first, and the economic systems to support that didn't keep up. And so we were in this horrible phase where essentially artists are working for free.”
Jack Conte Jan 11, 2021 ▶ 35:35 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 neutral
Disclosure
Conte: Patreon is not profitable and burning cash every month
“So no, Patreon's not profitable. It's tracking toward profitability. We're burning money every month, but actually the business is, like, very healthy.”
Jack Conte Jan 11, 2021 ▶ 1:17:10 Patreon: Jack Conte and Sam Yam
Jan 11, 2021 positive
Assertion Not checkable as stated
Jack Conte earned over $100K annualized within two months of Patreon's launch
“Within the first couple weeks, I passed 5000 dollars a month. And then soon after that, it was, yeah, it was even more. And at the time, I was making maybe two videos a month. So, you know, suddenly, like very suddenly, within two months, I went from draining …”
Jack Conte Jan 11, 2021 ▶ 52:40 Patreon: Jack Conte and Sam Yam
Jan 16, 2025
Insight
Jack Conte: Breaking through online is easier today, but retention is harder
“I actually think it's easier to break through now. I think it's harder to stick. But I think it's easier to break. And what I've seen is, you know, the internet has really shifted away from the follower model. And it's shifted into an interest-based model that…”
Jack Conte Jan 16, 2025 ▶ 4:58 Advice Line with Jack Conte of Patreon
Jan 16, 2025
Insight
Conte: Product-market fit comes from iteration speed, not strategy
“I found the right strategy for finding product market fit is actually no strategy at all. It's speed of iteration. Like your intuition is actually going to be right in some areas and wrong in some areas. And what matters most is getting through the mistakes so…”
Jack Conte Jan 16, 2025 ▶ 15:09 Advice Line with Jack Conte of Patreon
Jan 16, 2025
Insight
Jack Conte: Founders must shift from consensus to internal conviction
“There comes a point where you have pretty good judgment, you've seen a bunch of things before, and rather than cross-indexing a bunch of different disparate opinions, if I could go back in time, I'd tell myself, figure out what you want to do, what kind of com…”
Jack Conte Jan 16, 2025 ▶ 49:47 Advice Line with Jack Conte of Patreon
Jan 16, 2025 positive
Assertion Not checkable as stated
Jack Conte: Two-thirds of Patreon payment volume goes to middle-class creators
“About two-thirds of our payments volume is not going to the, like, you know, super top-of-market creatorists, like the super rich and famous creators. It's going to what we call, I don't like the term, but, like, some people call it, like, the creative middle …”
Jack Conte Jan 16, 2025 ▶ 6:42 Advice Line with Jack Conte of Patreon
Jan 16, 2025
Assertion Not checkable as stated
Jack Conte: Everyone said Patreon was a bad idea when he started
“When I was starting Patreon, the number of people who told me that's a bad idea, it's not gonna work, was like, everyone. I don't think a single person said, that's a good idea, you should go do that.”
Jack Conte Jan 16, 2025 ▶ 14:20 Advice Line with Jack Conte of Patreon
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