- Valuation Model
- Expert Interviews
- Founders, funding
How does Upwork compare to other platforms like Patreon or Memberful that help creators monetize their talent?
Ved Sinha
Former VP Product at Upwork
For companies that you mentioned, like Patreon, we use terms like “the passion economy” or “the creator economy.” They are very different compared to the traditional labor marketplaces. The job to be done for the end consumer is very different. On the gig-marketplace side, the employer is saying, ‘I need this work to get done,’ and the contractor is delivering that to the employer. On the creator economy side, it's a lot more of the contractor acting on their passion, and creating content, and deciding what to create in order to be consumed by an audience.
In one case, the employer is directing it, and in the other case, the talent says ‘hey, I want to create this content, and I want an easy way to monetize it and find my audience and find patrons.’ They're not competitive.