Poll: How Many Rejections Before You Retire/Revise?

Recently, I had a story accepted after sixteen rejections. I know; that’s a lot, right? I felt pretty confident about the story despite the mounting number of NOs, so I kept sending it out. I found an editor that liked it as much as I did, and in July, you can judge for yourself if it was worth all those rejections.

Anyway, the rejection count on that story got me thinking: How many rejections is typical before an author decides to retire or significantly revise a story*? With a few exception...