Friday, November 19, 2010

How to Save the Economy for $25

Posted By on Fri, Nov 19, 2010 at 11:43 AM

Next week, BW is publishing a piece on crowdfunding, a curious new practice creatives have been employing to cover the costs of projects ranging from filmmaking to teaching English in Kenya to developing nuclear fusion in a Brooklyn garage. The crowdfunding process of gathering a large number of small donations via social networking platforms has proven so effective that it's even being seriously talked about as the future of funding small business.

One small catch: doing that would violate the Securities Act of 1933, one of the laws put in place to protect against a repeat of the great stock market crash of 1929. Oopsie.

However, if a committed group of economic activists have their way, all that could change.

To give everyone a little taste, BW wanted to share this video of local filmmaker Travis Swartz talking a bit about the fundraising process for his upcoming film, Nobody Cares.

You can read the full story of Swartz's film, the legal battle and the concept as a whole in next week's issue.

[ Video is no longer available. ]

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