Unless you have a following in the high thousands you will not be successful on a Kickstarter Film Project. It can also be costly to get the list of backers and an expert who will send the info to the selected backers after analyzing which ones are likely to go for your type of movie genre and cultural viewpoint. So why start a crowdfunding campaign? Lots of work and very big odds against you. Out of 365,000 projects launched, an estimated 129,000 have been successfully funded. So 35% of projects have met their goals but the top have exceeded expectations. I was not surprised to find crowdfunding projects launched by well known artists who logically use their leverage for gain, and their projects have succeeded above the rest. Check out this article and you’ll understand where I’m coming from. Top 12 Successfully Funded Kickstarter Films
Hybrid, my TV Series Pilot, is going through an expansion phase in which I am looking to produce a comic book, a video game and offer a free ebook (novel) campaign in both, English and Spanish. I would also like to offer on-demand production of fashion and arts merchandise along with action figure dolls. The comic book will be titled “Legends from Utopia: Ta-ha-rai of the Jungle, and the new book, Utopia, which is already out, has a new cover and edition. In order to develop and produce the pilot, the comic book and the video game formats I will need to pay contributing artists and crowdfunding is the only way I know to try other than out-of-pocket. Venture capitalists are not so adventurous, they venture on people and projects who have already been successful, not to much venture in that. Despite the odds and knowing it will cost me to launch a good campaign, and that I will have no guarantees, I am willing to try either Kickstarter or Indiegogo.
ICOs or Initial Coin Offerings seem to be the new rave in crowdfunding. Braid is the first feature film to be funded through an Etherean Crowdsale in the US. An ICO which is like an IPO but with coins or crypto, which basically means equity. There is a return on the investment with an ICO, but I thought there was also an ROI on a Kickstarter or Indiegogo pledge. Why would just a fan invest $30,000 or more on a film if not for the equity? But my research proves me wrong. It’s a revolutionary new way to get funded and everyone wants it.
With the advent of blockchain technology, a new crowdfunding model has emerged that allows fans and investors alike to contribute to a film’s funding in exchange for equity participation. This type of crowdfunding is called an ICO or Initial Coin Offering. Ben Arnon of The Huffington Post describes the ICO funding model as “the next frontier of film finance via crowdfunding.”
Every ICO is a little bit different, but typically there’s a time limit for the sale, and a set number of maximum tokens that will be sold. Once those limits are reached, the sale is done, and the owners can use their tokens as they please.
What is Ethereum?
Ethereum is a platform for creation of decentralized applications running on blockchain, through the use of smart contracts.Since its launch on June 30, 2015, it has been steadily gaining popularity. Starting from late January 2016, it has experienced a surge. In its first year it had $1B market capitalization. It is similar to Bitcoin
These new ways of funding and money across the web are new and strange to me but worth the try. At least I will learn more