EP 203: Crowdfunding

April 21, 2020
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Explore crowdfunding with Seed&Spark founder Emily Best and director Jonah Feingold (Bangarang). We break down the key phases of a campaign and show what happens when all the right elements come together to fund your film!
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AI-Generated Recap:
In this exciting episode of the Catch A Break Podcast, host Julie Harris Walker dives into the intricate world of crowdfunding with two industry experts, Emily Best, founder and CEO of Seed & Spark, and Jonah Finegold, a successful filmmaker and creator. Together, they illuminate the complexities, emotional journeys, and unparalleled opportunities inherent in the crowdfunding landscape, particularly for independent filmmakers.

Key Insights and Highlights

Emily Best kicks off the conversation by sharing her unplanned journey into the film industry, revealing, "Nobody gave me a job in this industry and I never meant to be in it in the first place." Her drive to create a more equitable and diverse filmmaking ecosystem led her to found Seed and Spark, which has since raised over $21 million for diverse films. Best insists that the key to successful crowdfunding is building a community before launching the campaign. "You have to build the crowd before you ask them for money," she advises.

Jonah Finegold offers a compelling narrative of his own crowdfunding triumph with the fan film “Bangarang,” inspired by his childhood favorite, "Hook." Reflecting on the significance of community engagement, he states, “We wanted to build a sense of community around this film because it was a fan film for the internet.” His successful Kickstarter campaign not only showcased new talent but also tapped into the nostalgia of a generation, ultimately raising nearly $70,000.

Actionable Takeaways

1. Building a Community: Both guests emphasize that crowdfunding is less about funding and more about creating a community. "Crowdfunding is really about building relationships with those who care about what you're creating," Best states, encouraging filmmakers to engage with potential supporters long before the fundraising begins.

2. Best Practices: Finegold shares the importance of knowing your audience and tailoring your message for them. "If you're asking for more money, you really want to figure out what it is that you're trying to say with your film,” he explains, advising creatives to consider the emotional appeal of their projects.

3. Emotional Buying Process: Best discusses the emotional cycle of crowdfunding, noting how creators may feel excitement in the beginning but can encounter despair as the campaign progresses. She encourages filmmakers to channel that fear into creativity, using it as fuel to generate innovative updates during the campaign.

4. Transparency and Accountability: The conversation also touches on the importance of transparency throughout the crowdfunding process. Finegold learned valuable lessons about managing rewards for backers and emphasizes the need for filmmakers to be realistic about what they can offer.

As they close the session, both Best and Finegold stress the necessity of grit and perseverance in the creative landscape. Emily encapsulates this beautifully with her father’s wisdom, advising, “What if you just got really quiet, just did the next right thing?”

With a wealth of insightful advice and candid stories from their crowdfunding journeys, this episode serves as a vital resource for aspiring filmmakers. By emphasizing the importance of community, emotional engagement, and strategic planning, Best and Finegold inspire listeners not just to dream but to take actionable steps toward bringing their creative visions to life.

For fans of independent filmmaking and crowdfunding alike, this episode is packed with invaluable wisdom. Tune in to the Catch A Break Podcast to learn more about navigating the treacherous yet rewarding waters of crowdfunding in the entertainment industry.
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