WHAT DO INVESTORS WANT IN RETURN FOR INVESTING IN YOUR MOVIE
With the
market still struggling and real estate in a rut, conventional investment
vehicles look like less of a draw to many professional investors.
There is a general distrust in stocks, commercial real estate is predicted to
plummet and residential real estate is at best a very long-term bet. For those
seeking an alternative, debt and equity funding of independent film is one
possible solution.
Many independent film makers are turning to venture capital as they seek out
alternative vehicles that can assure them of some stability in raising funds for
their projects. Competition for funding remains fierce, and venture funds can be
more explicit in their benchmarks and more demanding about transparency.
Moreover, some investors can demand a surprisingly high stake in projects they
support.
According to the Center for Venture Research at the University of New Hampshire,
angel investors typically require 20% to 40% annually. As a result, very few
films get made unless they can prove, upfront, that they can make money in the
theatre or DVD and have other auxiliary products which can be tied into
marketing.
Investing in a film project is risky. According to research, more than 90% of all independent films lose money due to high marketing, post-production and distribution costs. Those looking for funding today will have to endure tougher questions and be prepared to offer rock solid business plans.
Make sure your market is sizable
The first thing investors look for is the size of your market. Their sweet spot? Movies than can be made for $500,000 or less. Investors want to know why adult men, adult women, boys and girls will want to go to see your film. They want to know that you have done your homework.
Boost your business prowess
Investors
want to be sure that you can handle running a film production company; that you
can persevere through late nights and few payoffs for a potentially long period
of time. Having made and sold a film in your past can help reassure investors.
However, regardless of your experience, being able to furnish references that
speak to your abilities is vital.
Build a balanced
production team
Investors are also looking for independent film makers who display enough business acumen, leadership skills and charisma to lead a project from conception to distribution. You've also got to be able to demonstrate familiarity with your field. If you don't carry those characteristics in spades, make sure you partner up or hire wisely to account for your shortcomings.
Make sure
your production team includes a seasoned director, director of photography and
line producer.
Get some seasoning
Most VC firms and angel investors are looking for film makers with more time in the market before they invest. So firms looking for their first film should spend more time raising rounds of financing from friends and family.
If you
cannot raise funds for a large project, scale it down. Make a trailer and show
it at festivals. Continue to hone your skills and experience.
Show them your
script, attachments and business plan
Without a polished script, written attachments from actors and a well-written business plan you are going nowhere. Investors bet on written strategy, not creative genius.
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Call me at 1-888-494-2468 to discuss your next project.