Company:Seed&Spark

From HandWiki
Short description: Film-focused crowdfunding platform
Seed&Spark
TypeVideo on demand, crowdfunding
Founded2012
HeadquartersUnited States

Seed&Spark is a film-centric crowdfunding and SVOD platform launched in 2012.

Business

Seed&Spark is a crowdsourced film & TV studio where creators can build audiences through crowdfunding and audiences can watch movies & shows through on-demand streaming. Distribution contracts are non-exclusive to Seed&Spark, with a caveat that a movie or show on the Seed&Spark must not be distributed free elsewhere online.[1]

Crowdfunding platform

Unlike other crowdfunding platforms like Kickstarter and IndieGoGo, Seed&Spark is purpose-built for film & TV, and its crowdfunding page acts like a registry system, showing potential backers a budget determined by exactly what "WishList" items are needed and at what cost. The platform also allows backers to contribute cash or loan specific items to the project.[2] Seed&Spark takes a 5% fee from successfully funded projects, lower than other crowdfunding platforms, and allows campaign supporters to cover the filmmakers' fees. Seed&Spark currently holds a 75% success rate[3] for its crowdfunding campaigns, nearly twice that of Kickstarter,[4] and an average raise of $14,700 per project.

History

Founder Emily Best created the prototype for Seed&Spark with Caroline Von Kuhn and Liam Brady[5] while raising funds for their feature film Like the Water in 2010. Through the platform, the film was able to raise $23,000 in 30 days. The public site launched on December 1, 2012[6] with 11 distributed films and 15 crowdfunding campaigns.

Seed&Spark raised more than $300,000 in its first 6 months.[7] Originally based in Brooklyn, New York,[8] Seed&Spark relocated to Los Angeles in 2014.

Funding

Best was the recipient in 2013 of $10,000 grant for Seed&Spark from SoftBank Capital and Lerer Ventures,[9] given via the New York Observer blog Betabeat's competition series The Pitch. Lerer principal Steve Schlafman explained that Best "proved to us that her product is working and solves a real problem that she experienced first hand."[10] In August 2014, Seed&Spark closed a million dollar seed round led by Wadsworth Family investment fund Manitou Ventures.[11]

References

  1. ↑ "Submit a Movie for release on Seed&Spark!". http://www.seedandspark.com/content/submit-movie-release-seedspark. Retrieved 12 January 2015. 
  2. ↑ Renninger, Bryce J (30 November 2012). "Filmmakers Create a New Platform for Crowdfunding and Streaming Distribution in the Same Place". http://www.indiewire.com/article/filmmakers-create-new-platform-for-crowdfunding-and-streaming-distribution-in-the-same-place. Retrieved 11 January 2015. 
  3. ↑ "Is Seed & Spark's high crowdfunding success rate for real?" (in en-US). Stephen Follows. 2017-05-22. https://stephenfollows.com/seed-spark-success-rate/. 
  4. ↑ Salovaara, Sarah (11 August 2014). "Ranking Crowdfunding Sites: Kickstarter, Seed&Spark, Rockethub and More". Filmmaker Magazine. http://filmmakermagazine.com/87153-ranking-crowdfunding-sites-kickstarter-seedspark-rockethub-and-more/. Retrieved 11 January 2015. 
  5. ↑ Dunaway, Michael (5 December 2012). "Catching Up With Emily Best of Seed&Spark". http://www.pastemagazine.com/articles/2012/12/catching-up-with-emily-best-of-seed-spark.html. Retrieved 11 January 2015. 
  6. ↑ Best, Emily. "FAIR TRADE FILMMAKING: SEED&SPARK". Tribeca Film Festival. http://tribecafilm.com/stories/5130fa651c7d76ec6c00000f-fair-trade-filmmaking-see. Retrieved 11 January 2015. 
  7. ↑ Harris, Dana. "Indiewire Influencers". http://www.indiewire.com/influencers/. Retrieved 11 January 2015. 
  8. ↑ Rossini, Elena (30 November 2012). "Emily Best, 30s, Founder and CEO of Seed&Spark". http://nocountryforyoungwomen.com/2012/11/emily-best-seed-and-spark/. Retrieved 11 January 2015. 
  9. ↑ Observer Staff. "The Pitch Season 2". The Observer. http://betabeat.com/pitch/season-two/. Retrieved 11 January 2015. 
  10. ↑ Observer Staff. "What Makes a Good Pitch? A Q&A With VCs Nikhil Kalghatgi and Steve Schlafman". The Observer. Archived from the original on 11 January 2015. https://web.archive.org/web/20150111233545/http://betabeat.com/pitch/what-makes-a-good-pitch-a-qa-with-vcs-nikhil-kalghatgi-and-steve-schlafman/. Retrieved 11 January 2015. 
  11. ↑ Ellingson, Annlee. "Q&A: Seed&Spark raises $1 million for indie-film 'wedding registry'". New York Business Journal. http://www.bizjournals.com/losangeles/news/2014/08/07/q-a-seed-spark-raises-1-million-for-indie-film.html?page=all. Retrieved 12 January 2015. 

External links



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