Monday, July 7, 2014

Article offers insight on equity crowdfudning

While largely untested, the next big thing in film financing appears to be equity crowdfunding. Kickstarter and indiegogo allow people to give you money for your project. Equity crowdfunding aims to help find people to actually buy into the profit sharing from the distribution of the film. This wasn't legal until recently, that's why this all so uncharted.

Here entertainment attorney Richard Jefferson, who blogs at offers a rundown of his top 5 equity crowdfunding sites.
In my last couple posts, I have discussed the ins and outs of equity-based crowdfunding here and here, and discussed conducting fundraising through online portals.
I did a lot of research and shared first hand experiences in putting together these articles for you and came across some great information out there. With all of the sites on the internet offering help, I thought I’d share my short list of equity crowdfunding sites that are known to be pretty solid.
The following are good fundraising sites for entertainment projects (again, these are for equity crowdfunding sites…NOT donation-based crowdfunding sites likekickstarterindiegogo or rockethub).
Here is a link to the article.

I joined over the weekend, although I wasn't sure it was time yet, just so I could poke around. My first impression is that its well-designed, but new filmmakers are going to be irked by the system of deciding how much juice you as and individual and your project has.

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