Patreon CEO Jack Conte talks with Recode’s Peter Kafka about why the current version of the web, where content is mostly free and supported by ads, is not necessarily the “best version.” Conte’s site makes it possible for subscribers — or "patrons" — to pay creators for what they make and get bonus content or other perks in return, and it's on track to process $150 million in 2017. He predicts that Patreon will one day go public, and explains why he really, really hates it when people call Patreon a “tip jar” or a “fan club.”

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