… for Random Weirdness
Tip #949: 6 Film Funding Tips
Funding a film is like getting a startup off the ground.
This article, written by Jarett Holmes, first appeared in RitualMusic.com. This is an excerpt.
Armed with a great script, a talented core team and a vision, the often impossible-seeming hurdle remains: Fundraising. Funding a film is like getting a startup off the ground: Get ready to pick up the phone, put yourself way out of your comfort zone, and ask for the money.
Here are six resources to aid in your film fundraising strategy:
- Film Fundraising Reading List. This provides nine links to articles and advice on funding, crowd-funding, budgeting and lawyers.
- Your Attorney as an Essential Resource. As soon as possible, find a great attorney. Your entertainment lawyer will guide you through the structuring of your company (which will affect how you raise money), the contracts, shareholders agreements and all other business documents.
- Friends and Family Network. The first place to turn when fundraising is to the people that have already invested in you, your friends and family.
- Crowdfunding. Crowdfunding is a step away from straight friends and family, but there will be overlap. His article discusses and has links to KickStarter, IndieGogo, and Slated.
- Grants & Government Funding. Believe it or not, there are initiative’s for the arts, including filmmaking! The article includes links to PBS and GrantSpace.
- Accredited Investors. Once you’ve exhausted your immediate network, you may decide to cast the net out into the sea of accredited investors. These investors are high net worth individuals and will want to know exactly how you expect to show them a return.
Raising money for any project a hustle, no doubt about it. But the advice and links in this article can help you get started in the right direction.