We often talk about "platform risk" in terms of algorithm changes or being de-platformed. The SVB collapse reminded us of a different kind: . Even if Patreon is doing everything right, if their bank can’t process a payout, your "digital wallet" remains just numbers on a screen.
While the immediate crisis was resolved when the FDIC stepped in to ensure all depositors were made whole, the "Patreon.com.svb" saga left us with three vital lessons for anyone building a business in the creator economy. 1. Platform Risk is Real (and Financial) Patreon.com.svb
: Many startups were on the "razor’s edge" during the collapse, worried they wouldn't make payroll. We often talk about "platform risk" in terms