Seed&Spark
| Company type | Video on demand, crowdfunding |
|---|---|
| Founded | 2012 |
| Headquarters | United States |
Seed&Spark is a film-centric crowdfunding and SVOD platform launched in 2012.
Business
[edit]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
[edit]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
[edit]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
[edit]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
[edit]- ^ "Submit a Movie for release on Seed&Spark!". Seed&Spark. Retrieved 12 January 2015.
- ^ Renninger, Bryce J (30 November 2012). "Filmmakers Create a New Platform for Crowdfunding and Streaming Distribution in the Same Place". Indiewire. Retrieved 11 January 2015.
- ^ "Is Seed & Spark's high crowdfunding success rate for real?". Stephen Follows. 2017-05-22. Retrieved 2017-12-12.
- ^ Salovaara, Sarah (11 August 2014). "Ranking Crowdfunding Sites: Kickstarter, Seed&Spark, Rockethub and More". filmmakermagazine.com. Filmmaker Magazine. Retrieved 11 January 2015.
- ^ Dunaway, Michael (5 December 2012). "Catching Up With Emily Best of Seed&Spark". Paste Magazine. Retrieved 11 January 2015.
- ^ Best, Emily. "FAIR TRADE FILMMAKING: SEED&SPARK". tribecafilm.com/stories/5130fa651c7d76ec6c00000f-fair-trade-filmmaking-see. Tribeca Film Festival. Archived from the original on 31 October 2019. Retrieved 11 January 2015.
- ^ Harris, Dana. "Indiewire Influencers". Indiewire. Retrieved 11 January 2015.
- ^ Rossini, Elena (30 November 2012). "Emily Best, 30s, Founder and CEO of Seed&Spark". No Country for Young Women. Retrieved 11 January 2015.
- ^ Observer Staff. "The Pitch Season 2". Beta Beat. The Observer. Retrieved 11 January 2015.
- ^ Observer Staff. "What Makes a Good Pitch? A Q&A With VCs Nikhil Kalghatgi and Steve Schlafman". Beta Beat. The Observer. Archived from the original on 11 January 2015. Retrieved 11 January 2015.
- ^ Ellingson, Annlee. "Q&A: Seed&Spark raises $1 million for indie-film 'wedding registry'". bizjournal.com. New York Business Journal. Retrieved 12 January 2015.
