Crowdfunding: A Survivor’s Tale

After 45 days, life doing its life thing (happening while you’re busy making other plans), loads of self-revelations, interviews, descents into near-insanity, burn-out, never wanting to talk about the project again, and ultimately, finding and interacting with a passionate and excited audience, the Whiz!Bam!Pow! IndieGoGo campaign came to an end at 3AM on Sunday, December 5. We banked $3205 (soon to be less taxes and fees) of our $15,000 goal, are donating over 100 comic books to the Comic Book Connection Initiative, and are putting the comic book and radio shows (slightly modified) into production.
Now, the ultimate question: would I ever crowdfund again?
Only as a last resort.
I never set out to reach the $15,000 goal. I set out to build a passionate and engaged audience, and we did it. Articles were written in support, people tweeted the project in my absence, lots of referring going on, all that. And it was a great thing. But I will never crowdfund again (unless it is absolutely necessary. I’m sort of the guy who is given a gun and asked if he will use it. My response: only as a last resort).
By its nature, crowdfunding is a wonderful concept. The problem with it is that it requires so much effort that the act of actually making something is nearly impossible. Couple that with a horrific economy, a sense of “the well’s run dry,” and a ridiculously unbalanced risk vs. reward assessment, and I can only come to the conclusion that “no, crowdfunding will not save independent film.” It’s just another tool. Some use it better than others.
What would I have done differently?
I tend to have a penchant for secrecy that crowdfunding doesn’t reward. I don’t mind revealing my methods, but I despise revealing my results until they’re in the format I intend. It’s akin to a chef having his signature meal revealed as a frozen food entree before being unveiled in the restaurant.
My penchant for secrecy was a disservice to the project in the crowdfunding campaign. But, it was necessary to maintain the “discovery” aspect of the project that is so integral to a transmedia experience. It was a major catch-22.
“Pitching” a transmedia project is not like pitching a film. There is no set way to do it. I faltered and flubbed my way around a pitch for the project throughout the early days of the campaign, even though I had worked on it for months – years – prior. The pitch was ever-evolving; the message, ever-evolving. Finally, the ultimate last act was the revelation of the story of the feature film in Volume Two, which, while a necessary act to reveal the connections between the disparate pieces, was so far outside of my comfort zone that I realized I wouldn’t reveal any more. I had given all I could, and would give no more.
The loss of my partner-in-crime, Paul, to an understandably earth-shattering personal family crisis (he’s back now and everything’s groovy) in the early days of the campaign was the single greatest defeat the campaign experienced. When we set out on this campaign, it was thought that we would both be in this together, fighting the good fight throughout.
That was not, unfortunately, to be the case. But, the show had to go on, for the worse.
As I dealt with doing everything myself, I became much less my normal self, and found myself in danger of losing the one person who had always been with me through the “Great Unpaid” (I lost my job nearly one year ago on December 11, 2009) – myself. The campaign suffered for it. So did my creative output and personal life.
Fortunately, I’m a tough sonuvabitch, and I managed, after a two-day writing lockdown and cutting off all my hair, to get back to myself and finish the campaign as it needed to be finished. But it was one hell of a struggle, and my message wavered, my enthusiasm waned, and, to put it bluntly, I was fucking tired.
But, in the last week, Paul came back, and we got the campaign on track again. We raised just over a thousand in that final week.
Kinda cool.
As I said before, my goal was never to hit the $15,000 goal. I’m an optimist, not delusional. While I have laid out my issues and personal struggles during the crowdfunding process, I’m not going to leave out the good.
First, crowdfunding gets your idea out there, and tests the idea in a “real world” setting (real world being only the part of the world that actually finds your idea, either on the part of your own actions or the actions of the site you choose to release your idea on). This is the number one plus of crowdfunding. It gets your idea out into the world and gives it its first test.
The second is that it pre-builds an audience, which was my main goal. When I received messages from supporters of the campaign who could only give $10, but said they wanted to give more, and that they wanted to see this project made, that made this whole sordid tale worth it. That gave me the strength to keep going. $10 from someone who has very little is infinitely more sweet than $15,000 from someone with very much. That is passion. The other is an impulse buy. If this project must be built on $10 donations, then so be it. I’ll make sure every single one of those $10 donations goes as far as humanly possible.
What’s next?
That’s to be determined. We’re making the comic book (in fact, the first day off from the campaign, I finished the script), the radio shows will be slightly modified, though still kick ass. It goes without saying that the short film and the app are not happening – for now. I’m looking into other forms of investment and funding.
And yeah, part of me sort of wishes I had funded only the comic and radio shows – but without the context of the short and the app, they wouldn’t have had the same impact.
Remember my chef analogy from earlier? The problem with crowdfunding is that it forces you to reveal things so early in the process of idea execution (the funding of it) that it’s like getting the frozen TV dinner version of a chef’s signature meal from a restaurant.
Throughout the creative process, ideas morph and change. The Short Film and App that I pitched in the campaign are no more. They are becoming something new, something exciting. Something in line with what I’ve preached for years – to use all the technology we have at our fingertips to explore new forms of storytelling, as opposed to cramming an old form into a new format.
And guess what? That’s all you’re getting out of me. The veil of secrecy returns – but the light of engagement will never dim. I’m eternally thankful to all of you for your support throughout this campaign, even when I descended into near-insanity. Without you, this project wouldn’t be where it is.
I’m looking forward to sharing more with you soon, and getting that comic and radio show stuff into your hands. This is just the beginning of Whiz!Bam!Pow! and we’re just getting warmed up.
This project, like the Sentinel, is going to take to the sky and soar. And I can’t wait to bring you along for the ride.











This was very helpful Tyler, similar thought processing for me with THE SAVING indiegogo campaign wrapping up. In the end i dont regret the process because of all the marketing experience I’ve gained and all the AMAZING people I’ve come in contact with. THE SAVING has received half a dozen contributions from fellow teen filmmakers who get the passion for the film. They’re not wealthy by any means but they gave what they could because they believe in the project and its director. That makes it all the long hours and stress totally worth it. Thanks for sharing!
Twitter: tylerweaver
wrote:
Thanks for the comment MJ! Hey, you’re my first comment on the new site too… cool! It’s all about finding people that share the same (but different) passion for your project that you do. All of this endless chatter about figures and charts and this and that is worthless without finding the passion behind it. I’m not planning on doing it again, but I am glad for the experience and people I found during.
Thanks again!
Twitter: thestudiosource
wrote:
It occurs to me the pitch needed its own discovery script.
Hindsight and all that.
How much the Sentinel would reveal about himself, what was going to happen to him, and what media he’d choose to tell his tale. I would ask him, because you’re under enough pressure.
The economy – every economy has challenges. Even allegedly good economies have big problems. I don’t know how much weight I’d be willing to give this one, and I’m always nervous about feeding monsters. It tends to make them bigger.
I’m not skipping through the daisies with pink-tinted glasses, here, I’m serious. Blade Runner flopped when it was released, in spite of a ton of money and massive talent backing it. It gained momentum, one viewer at a time, and we all know what it’s become. I think funding can work the same way. Reach a bunch of people with a little money, or fewer people with a little more. Maybe not through crowdfunding, but I believe the concept is sound.
The first run of anything is a horror show. Now you have some wicked experience under your belt and two extra arms, so hey, nothing can stop you now.
Twitter: tylerweaver
wrote:
Hi Stacey. The discovery of the pitch needed a lot of work as well. I’ll probably revisit all of this at one point. This was just my emotional reaction to the whole thing, and a look at exactly what I felt went down. Maybe I’ll look at it again, but right now, my concentration is making the best product I can make and build this thing one person at a time.
Thank you for all your support!
Twitter: thestudiosource
wrote:
Yeah, I know. Like I said, hindsight. I’d be a raving lunatic if I had to do it myself. Good on you, man.
Twitter: tylerweaver
wrote:
Thanks Stacey =) I’m slowly but surely coming out of my raving lunatic time. Still figuring out what to do with the four arms.
Tyler, I really appreciate your honesty in this piece. Good friends have taken their shot at crowdfunding, with varying amounts of “success,” but all ultimately admit to the sheer amount of work and time and dedication it takes. It’s not free money.
As your first backer on this campaign, I can say, I liked your pitch. I support WBP but I was ultimately backing you: Your ideas, vision, chutzpah, career, future. And that is a very good investment.
Heal up from your crazy campaign and keep doing your Tyler thing! xo
Twitter: tylerweaver
wrote:
Kim,
Thank you so much for the kind comment. You just made my day. Don’t know what else to say. Except thank you.
T
Congrats on making it through;)
At least you were using a service that didn’t create an all or nothing proposition! Not that that idea is entirely bad, but in your case, you got to bank what you got and a great charity received your generous donation as well. I think raising smaller numbers closer to 5k is doable but if you are trying to fund 10k plus projects you need to already have that “built in” audience in place. Funding projects in separate phases is the logical conclusion, but that too takes good timing and a progressive building of core audience and supporters outside the “campaign” alone. And yes the veil of secrecy had you talking more about process than product which left WBP a bit less tangible than something that jumped out and exclaimed “WOW – This is what I am and its bad ass in your face now” …tough tightrope to walk and I thank you for doing it cause I am in a similar boat with @tweenplay and you can bet I’m gonna try and learn from your efforts;)
Best on your phase one.
T. Reed
Twitter: tylerweaver
wrote:
Thanks Terry!
Twitter: tylerweaver
wrote:
Quick follow-up, Terry. Absolutely glad we went with IndieGoGo instead of an “all-or-nothing.” Since WBP is transmedia, it just made sense; at least at the end of the day we get to make something. And yep, secrecy and surprise are a tough sell in today’s world (understandably so – like I said, it was the ultimate Catch-22). But hey, you do what you gotta do and keep on keeping on. Thanks again for the comment!