Creators love to think of themselves as being outside the "system." But the SVB event showed that the "System" is exactly what powers our tools. Patreon uses partners for everything from payment processing to fund storage.
: Understanding who your platforms bank with—or at least knowing they have "diversified banking relationships"—is now a standard part of business due diligence for high-earning creators. 3. Resilience and the "State of Create" Patreon.com.svb
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. Creators love to think of themselves as being