KICKSTARTER just won an Oscar. This year’s prize for best short documentary went to crowdfunded Inocente. More than 290 backers contributed $50,000 (£32,900) to pay for its post-production.
Around one in 10 of the films at last year’s Cannes film festival were crowdfunded, but it is far more than a great new way to raise financing for art projects. Jeff Lynn’s FSA-regulated Seedrs is aggregating seed capital for startups through its online platform, and Petridish lets scientific researchers bid for backers.
But there is also a danger in the crowdfunding goldrush. At least part of its attraction stems from a false dream: the elimination of middlemen. Continue reading