Recs.
Updated
Rather than funding projects, Patreon's model focuses on the creators. Pledges represent an ongoing sponsorship and are paid either based on pre-defined units of work, or as a fixed monthly donation.
Specs
Pros
Pro Great for influencers with unique contributions
Rewards artists developing unique content very well. No other platforms compare as of now.
Pro Projects can change and adapt over time
Without the advance payment of a large lump sum of donations, creators are free from the associated commitment to the specific goals those donations were based on. This also reduces the need for exhaustive time and budget estimates, which can be daunting for new and inexperienced developers.
Cons
Con Potentially inappropriate for commercial products
Patreon's structure and culture assume free distribution of the creators' output. Collecting secondary revenue (e.g. unit sales, in-game ads) is not strictly prohibited, but may be seen as a violation of trust if not handled carefully.