I agree that it fulfills a need, and is useful. But, those unrealistic expectations are going to be a problem for the company when those $47 million dollars worth of capital (forty-seven MILLION!?) come calling.
Remember, Patreon is earning what, ten percent (?) of the meager sums that creators on the platform are getting.
I think a bootstrapped founder could take them down, and not have to answer to $47 million worth of investors.