Podcast Episode #235: 3 Reasons Why Crowdfunding Did Not Take Off On Broadway
ESTIMATED LISTENING TIME OF THIS EPISODE: 15 Minutes
LISTEN WHEREVER YOU LISTEN TO PODCASTS:
- The Producer’s Perspective
- Broadway Podcast Network
- Apple Podcasts
- Google Podcasts
- Amazon Music
ABOUT THIS EPISODE:
It has been 10 years (!) since I crowdfunded Godspell. It remains one of the most difficult things I’ve ever done in this business.
But, like most difficult things, it was also one of the best things I ever did for my business. And my life.
Not only did we fund the production, and help launch the careers of some superstars, but I’m also still friends with many of “People of Godspell”, which is what we called our Producers and Investors (we had over 730 of them!).
After we successfully crowdfunded the show, using an old regulation called a “Reg A,” Congress passed The Jobs Act . . . which made it MUCH easier for businesses to crowdfund.
Everyone predicted an explosion of this type of microfinancing in all industries . . . Broadway and Off-Broadway included.
And it didn’t happen.
I don’t know of ONE Broadway or Off-Broadway production to utilize the new “Regulation CF” since it was passed.
Here are three reasons why. Listen to this episode to learn more.
AFTER YOU LISTEN:
- FOLLOW The Producer’s Perspective on Apple Podcast (it’s FREE!)
- REVIEW the Podcast on Apple Podcast (it’s the biggest compliment you can give)
- SHARE this episode with your friends!
- JOIN the TheaterMakers Facebook Group
My mission is to get more people talking about the theater. The more people talking about it, the more people who want to make it, perform it, support it, etc. And that’s how theater not only survives, but thrives.
The biggest compliment you can give me is by sharing this podcast.
I thank you and the theater thanks you!
If you haven’t seen Tick, Tick… Boom! yet, get thee…
Yes, you got that right. On this Thanksgiving, I’m going…
If you’ve been in a Starbucks over the last two…
November 12, 2021: What TheaterMakers Are Talking About This Week…
What a weekend. Sometimes I don’t know how our Summit…