Mohamed AbdulRahim's Lounge Discussions

Gosh Cecil, I'm sure you've seen some films get funded. So maybe there is a Santa for filmmakers. Let's not forget titles like Veronica Mars.

No, I didn't see that but I am guessing Veronica Mars was a known character that fans supported. If you are talking about an unknown writer with an unknown project with unknown characters I'd be interested in ANY example of that working. I'd love to be wrong.

If you have avid fans who want to see the movie you want to show them, you have several options

A) They can give you the money via Kickstarter or IndieGogo and you can arrange a screening to show them the film. Or you can put it up on iTunes and send them a link when it's done. Or both. They will usually prefer two tickets to the screening. If you have 1000 fans who will give you $100, that's $100K. Remember to do this at the BEGINNING of the year because the IRS sees the money you receive as income. So, you'll get a 1099 for whatever you raise. You want to get the money in and spend it before December 31. If you do this, you own the film lock-stock-and-barrel. You just have to make good on whatever you promised the people who gave you money.

B) You can raise up to $1M a year with REG-CF using equity crowdfunding platforms like Wefunder. This is like doing a Kickstarter or Indiegogo campaign, but you are accepting investment and promising to pay a return. You post your business plan and video on the site, complete the Form C required by the SEC and you have to make sure that all your ads and promotions drive people to the site to learn more about the investment. There are strict rules about confining all disclosure regarding rates of return and so forth only on the platform.

C) If you do a Reg D 506, you can use platforms like slated.com to raise an unlimited amount of money from an unlimited amount of investors in a year. You need to create the Private Placement Memorandum with a lawyer, and that will have a business plan as an addendum usually. Slated has an Executive Producer Program you may qualify for if your project gets good script and film analytics scores. If you can get into that program, they actively reach out to select investors on your behalf I believe.

You have to work with a securities attorney do do options B or C to avoid running into legal problems. But people do manage to do that pretty routinely.

I hope this is helpful.

Nancy

nancyfultonmeetups.com

Excellent information, Nancy. Extremely informative. You must be a lawyer or work for a lawyer.

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Reach out to me. I'd like to learn more about your channels and your subscribers. I might be able to help you make more connections to people.

Nancy Fulton that's a generous offer and pretty rare in this biz! Anything going on in the NoCal/ Northern Nevada area? Dean Lach I'd take a look at what Nancy is offering, it seems like a pretty cost-effective avenue.

Right on John, and thank you (Nancy -- I messaged you!)

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Thank you Amanda

Thank you Amanda . I am happy to accept with you

great share, sent to my team, thanks!

Thank you very much, Amanda!

Really cool stuff Amanda - thanks!