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From the pdf at the bottom of the page: IF YOU INVEST $50, AND THE FILM IS... SOLD FOR $250,000 = YOU GET $50 (100% RETURN) SOLD FOR $500,000 = YOU GET $75 (

From the pdf at the bottom of the page: IF YOU INVEST $50, AND THE FILM IS... SOLD FOR $250,000 = YOU GET $50 (100% RETURN) SOLD FOR $500,000 = YOU GET $75 (150% RETURN) SOLD FOR $1,000,000 = YOU GET $88 (175% RETURN) I don't think traditional investors count like that.. I presume the investors won't get paid back their initial investment, so if the film sells for 250k and each investor gets his $50 back, that's a return of zero. A return of 100% implies a doubling of your initial investment.. Please correct me if I'm wrong, but I think the way it's phrased here is quite misleading (otherwise great idea though).

deleted 17y ago
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newacc 17y ago
good idea, no doubt about it ... crowdsourcing is the best way to go ... though i have few queries (especially the last one)if someone can answer: 1. how is lobsterback going to make money? OR are they planning for no profit and no loss endeavor? 2. Is there any contract paperwork done? and can an investor see that beforehand? 3. How lobsterback is committed for ROI when you're investing in "Natalie queen of stock - LLC"? 4. Personally I want to know how SEC won't object to such financing? as investors are also shareholders!!??!! Because if this can be done (legally) then angel investing (thru crowdsourcing) can go off the roof to help so many different kind of startups. So if you know a trick/loop-hole/idea/grey-area of how one can arrange this kind of financing then reply here right away. I TRULY SEE THIS IDEA A REVOLUTIONARY !!! I'm saying this because i know people who have done research (on this kind of financing) and spoke to several lawyers but with no help ...
anigbrowl 17y ago
That's quite true. I like the idea (since I'm in film myself and I hate begging people for money), but yes, it does seem like something the SEC would disapprove of, which is why most internet film fundraising requests non-refundable donations in exchange for collector's editions and stuff like that. Edit: well I guess their lawyers are sure of what they're at. I hope they write about or open source their process, as I'd far rather raiser cash in micro-amounts based on the strength of the script etc. than sit in investor meetings.
- anigbrowl 17y ago
  (Can't edit any more) after taking a bit more time to look through their offering, I retract my statement about the lawyers. Legally speaking, it's radioactive. The upside is that the sums solicited are so small it's probably not worth suing over.

deleted 17y ago

[deleted]

newacc 17y ago

good idea, no doubt about it ... crowdsourcing is the best way to go ... though i have few queries (especially the last one)if someone can answer: 1. how is lobsterback going to make money? OR are they planning for no profit and no loss endeavor? 2. Is there any contract paperwork done? and can an investor see that beforehand? 3. How lobsterback is committed for ROI when you're investing in "Natalie queen of stock - LLC"? 4. Personally I want to know how SEC won't object to such financing? as investors are also shareholders!!??!! Because if this can be done (legally) then angel investing (thru crowdsourcing) can go off the roof to help so many different kind of startups. So if you know a trick/loop-hole/idea/grey-area of how one can arrange this kind of financing then reply here right away. I TRULY SEE THIS IDEA A REVOLUTIONARY !!! I'm saying this because i know people who have done research (on this kind of financing) and spoke to several lawyers but with no help ...

anigbrowl 17y ago

That's quite true. I like the idea (since I'm in film myself and I hate begging people for money), but yes, it does seem like something the SEC would disapprove of, which is why most internet film fundraising requests non-refundable donations in exchange for collector's editions and stuff like that. Edit: well I guess their lawyers are sure of what they're at. I hope they write about or open source their process, as I'd far rather raiser cash in micro-amounts based on the strength of the script etc. than sit in investor meetings.

anigbrowl 17y ago
(Can't edit any more) after taking a bit more time to look through their offering, I retract my statement about the lawyers. Legally speaking, it's radioactive. The upside is that the sums solicited are so small it's probably not worth suing over.