Thanks Rox & Jan :) We're going to be documenting it all. If it works, we'll recycle our tools, documents & process, and create a package template for other people to use.
On 22-Jan-09, at 6:28 AM, Jan McLaughlin wrote: Keep us posted, for sure, Rupert. Fingers crossed for ya! Jan On Wed, Jan 21, 2009 at 7:52 PM, Rupert <rup...@fatgirlinohio.org> wrote: > I'm putting together a project that will hopefully allow people to > take a share proportional to their investment. > Basically just a limited partnership profit-share model. > > Robert Croma sent me a great book called My First Movie - interviews > with famous indie filmmakers about making their first features. > The first interview is with the Coen's. > They did this for Blood Simple. Made a trailer, then spent a year > going to see small businessmen in NY and Minnesota, getting them to > invest. They raised $750,000 this way. Just a limited partnership, > with the production company as the general partner. > Apparently it was the way lots of NY horror movies were made in the > 80s - they got the idea from Sam Raimi, who funded The Evil Dead this > way, too. > > I figure that if it worked in the 80s, with these two guys travelling > thousands of miles lugging a 35mm projector around from meeting to > meeting, it should be even more possible to do now with an internet > crowdfunding approach (combined with the same old real-world > presentations to local punters). > > Paying an accountant and a lawyer to set up the legal structure and > contract/terms is more costly than bunging up a ChipIn widget, > obviously, and not practical if your budget is very small. With > larger budgets and projects, getting the odd $10 ChipIn isn't going > to cut it - you've got to go out looking for investors. Even if the > majority of them are still only putting in $10, it's an extra > incentive - this way it's not just a philanthropic donation - there's > actually a (small) chance of a return. And you can help build trust > and interest at the same time with total online transparency in your > production process and budgeting. > > My main shoot for this will be in November - details of the project > to follow when I'm ready. > > Rupert > http://twittervlog.tv > > On 21-Jan-09, at 4:27 PM, Jay dedman wrote: > > We cringe and argue about money and videoblogging often on this list. > (probably because it's important and always in our face) > > Here's an example of community funded media projects: > http://spot.us/pitches/101 > David Cohn has done a great job making the site usuable. > > I've said before that I think the same thing can happen for anyone's > videoblog. > If you are creating video projects that people care about, they will > fund it. > You got to hustle just like with anything...but I think it's a great > alternative to straight up advertising. > > Notice that this is more than a Paypal Button on the sidebar. > You must actually create a Pitch with a clear explanation of the > project, who you are, deliverables, a specific monetary goal, and a > timeframe. > > You probably wont get rich doing this, but you'll make the projects > you love and building a body of work. > You'll also know if anyone cares since they'll be putting their money > where their mouth is. > > Jay > > -- > http://ryanishungry.com > http://jaydedman.com > 917 371 6790 > > > > Rupert > http://twittervlog.tv/ > Creative Mobile Filmmaking > Shot, edited and sent with my Nokia N93 > > > > [Non-text portions of this message have been removed] > > > ------------------------------------ > > Yahoo! Groups Links > > > > -- Jan McLaughlin Production Sound Mixer air = 862-571-5334 aim = janofsound skype = janmclaughlin Rupert http://twittervlog.tv/ Creative Mobile Filmmaking Shot, edited and sent with my Nokia N93 [Non-text portions of this message have been removed]
