01/13/2025
Learning how it works.
New Podcast - MakeYour Film, episode 13 - Fundraising
Make Your Film - Episode 13: Fundraising https://www.buzzsprout.com/2437065/episodes/16425932-ep-13-fundraising-part-1.mp3?download=true
Fundraising for a film is both an art and a science. It requires as much force of personality as it does diligence, and there is no way to cover it fully in a short post. However, the key to successful fundraising is understanding exactly what you are raising money for, how it will be used, when it will be needed, and by whom.
Many filmmakers come to me with their projects, excited to get them off the ground. They have actors attached and some initial support, but then they drop a budget figure like $15 to $18 million. My first question is always, "How did you get to that number?" Often, they present comparable films as justification. The truth is, you need a realistic and grounded budget before you start asking for money. Without this, your fundraising efforts will lack credibility.
Start with a Realistic Budget
You need to either work with a budget partner who can help you get real numbers or take the time to build a fundamental budget yourself. This budget is your project’s financial “spine.” While budgets can fluctuate between script and screen, you must start on planet Earth when reaching out to investors.
The List Approach
Once you have your script and a basic budget, begin making lists:
Assets in Place – Do you have any cast or crew commitments? Are there any resources you already have access to?
Grants and Incentives – Look into realistic grants and tax incentives available in your shooting location.
Pledges of Support – Do you have any verbal commitments from potential partners or distribution interests?
Having a clear understanding of your starting position allows you to calculate how much money you still need to raise and identify your fundraising targets.
Understand Investor Dynamics
At the lower end of film budgets, investors will often want to control a significant percentage of your project. This isn’t necessarily a bad thing—use these relationships to your advantage. If you deliver on one project, you create a working model for future films.
Key Takeaway
Get a handle on the budget—the real one—and then go out and raise the money. Fundraising requires clarity, transparency, and persistence. Start small if you have to, but build a foundation of trust and success.
Now go make your film! 🎥
For more tips and resources, visit MakeYourFilm.net.