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But even then, you only get to a sweet spot if a given patron pledges enough across different creators. That $14.29 is even WITH bundling.

From my back of the envelope calculations it looked like Patreon was either losing money on every patron who pledged a total of less than $14.29 a month, or was otherwise struggling financially with low value patrons at some other threshold.

This is actually a horrendous problem, in light of that datum that the average pledge was less than $2.