Tuesday, October 21, 2014

Pre-financing of journalism or media projects

A new project, Beacon, hopes to fund freelance writers by seeking donations of $5 per month; in return, donors have access to all articles on Beacon. Here is NY Times write-up.

Kickstarter.com is "a funding platform for artists, designers, filmmakers, musicians, journalists, inventors, explorers..." A key aspect of Kickstarter and similar funding platforms is "All or Nothing funding."
On Kickstarter, a project must reach its funding goal before time runs out or no money changes hands. Why? It protects everyone involved. Creators aren’t expected to develop their project without necessary funds, and it allows anyone to test concepts without risk.
Here was a successful Kickstarter fundraising drive in 2013 that saved a local movie theater. Here's a documentary movie project that I'm a tiny part of, which has used Kickstarter successfully.

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