» Posts Tagged ‘fundraising’
What if all of you who backed my campaign to make Man-child could actually have a stake in the film, so that if it makes money, you make money? I couldn’t offer you this, because in America, such profit participation is illegal thanks to the Securities and Exchange Commission. In many other countries it’s legal (see: The Age of Stupid’s brilliant campaign in the U.K.). However, thanks to the U.S. House passing the Entrepreneur Access to Capital Act last week, it seems this profit participation may soon become legal. If it does, crowdfunding as we know it could change tremendously, as will the fundamental structure of raising equity for small businesses (and films). More »
I’ve learned a lot over the past 36 days of running a potentially record-breaking Kickstarter campaign for my film Man-child. The clock has switched from “days” to “hours” remaining and we may or may not make it! I’ve tried to share what I’ve learned about crowdfunding along the way, including a Ten Must-Read Posts Before Running Your Own Crowdfunding Campaign post. Here’s a second compilation of valuable posts.
One thing I learned after the first couple of weeks: I implemented an unsaid rule for my twitter account that I wouldn’t mention my film campaign (or retweet the mentions of others) unless I had talked about something else since my last mention of the campaign. There’s a balance between talking about yourself and remaining relevant. And while that might balance might have shifted over the past few days — there are only 2 days left, so my sense of urgency is overpowering the desire to show self-promotion restraint — this Twitter lesson is included in one post below.
As I say in the introduction to the first ten, “luck favors the prepared.” And in setting out to run this campaign, I read a whole lot more than ten posts. So here’s a second set of ten posts to read when preparing your own campaign. More »
Ten down, twenty-eight days to go. I’m learning as I go with the Kickstarter campaign for ‘Man-child’, which just passed 500 backers! In addition to last week’s Ten Must-Read Posts Before Running Your Own Crowdfunding Campaign, I thought I’d jot down some some thoughts, tips, and quotes from the first week of my campaign, which has included some triumphs — and mistakes. If you’re considering trying to crowdfund a project in the future, I hope these notes will be helpful. More »
I just launched a Kickstarter campaign for my first feature film (seen at left), and I hope if you’re reading this that you’ll help me turn my dream into reality. Seriously: my entire life has been leading up to this, and I can’t do it without you. However, this site has always been about helping others while I’m learning these things myself, so I kept track of all the valuable posts I found during my research. If you’re thinking running your own crowdfunding campaign — defined as asking for small amounts of money from a large number of people, as opposed to asking for large amounts of money from a small number of people — consider the following posts essential reading. I should note on my own campaign that there are some great rewards available — get the entire film for just $10, or get a producer credit for $120!
Louis Pasteur once said, “chance favors the prepared mind.” If you use an all-or-nothing platform like Kickstarter, as I am, you’re taking a huge chance: if you don’t make your goal, you get nothing. To prepare, then, I read everything I could get my hands on. Here are ten of the most helpful posts for anyone thinking about launching their own fundraising effort on Kickstarter, Indiegogo, or any of the other crowdfunding sites: More »
'Iron Sky' Releases Lesson in Crowdfunding and Crowdsourcing
Finnish director Timo Vuorensola’s forthcoming feature Iron Sky, which I’ve mentioned previously, has released a very nicely animated overview of their innovative production process to date. There’s a lot to be learned here when it comes to the future of film, both good and potentially bad; I’m a huge proponent of crowdfunding, but find myself hesitant to embrace the idea that crowdsourcing the creative aspects of a screenplay is a good idea. Call me old-fashioned, but I still believe in the “singular vision” of auteurs. Here’s their video highlighting the different creative and financial strategies they’ve employed to date: More »
I’m going to be launching a Kickstarter campaign sometime in late July, which will be my first crowdfunding effort. Other than backing projects, however, I don’t have much experience with crowdfunding. Thankfully plenty of previous campaign-runners have shared their fundraising experiences on the web; these articles collectively add up to a sort of “crowdfunding best practices.” Joey Daoud at Coffee and Celluloid is responsible for the first three posts, from which I pulled the above graphic (about average donation amount):
- Behavior Patterns of Kickstarter Funders
- How to Figure the True Cost of a Kickstarter Project
- My Kickstarter Experience: The Good, Bad, and Ugly
- Miao Wang On The Secrets of Her Kickstarter Success
- David Branin’s Crowdfunding Cheat Sheet
(Thanks @grking for the fifth link)
[via Filmmaker Magazine]
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