fundit, infographic, well? (1 Viewer)

rettucs

Well-Known Member
Supporter
Joined
Apr 18, 2006
Threads
416
Messages
21,482
Location
Post of the week winner: 22nd March, 2013
the Where Were You book. But to be fair they underestimated the postage costs and contacted everyone about alternative delivery arrangements. I told them I'd call over to collect it, arranged a day and time, etc, and when I went there was no one there. Haven't heard a thing from them since (in almost 2 years)
 

therealjohnny

Well-Known Member
Supporter
Joined
Nov 1, 2002
Threads
323
Messages
30,193
thats' bollocks...you need to get a proper contact number and demand your book or get your money back
 

pete

chronic procrastinator
Staff member
Since 1999
Joined
Nov 14, 1999
Threads
6,824
Messages
52,669
Location
iPanopticon
Website
thumped.com
Well you should chase it up, because it's a great book. A big hit with the parents.
 

Scientician 0.8

Well-Known Member
Supporter
Contributor
Joined
Apr 25, 2005
Threads
493
Messages
13,376
Location
North County Dublin
I thought it was a great book. I didn't fund it though.

I think fundit is probably a great idea, if like FLApes you have an extensive non-musician fanbase. It's a bit mad me going around to everyone I know who for the most part also play music and sacrifice to satisfy that urge expecting them to give me money because well I'm great and yeah you might get an album out of me eventually. Home recording and digital reproduction and distribution means that there are tonnes of people with albums, many of them excellent. It's not exactly a big deal anymore putting out a record so it seems mad that bands look for 4 and 5 figure sums to do the shit everyone else is doing anyway out of their own pocket. Or something. I'm not against it anymore, I just don't think this model is sustainable below a certain level of actual fandom.
 

Theseus Mock

Well-Known Member
Joined
Apr 24, 2002
Threads
73
Messages
5,606
Location
Dublin
Every Fight Like Apes song sounds the same, unless they're planning on a major musical new direction for the turd album?
 

Vinnie

Well-Known Member
Supporter
Joined
Nov 6, 2000
Threads
145
Messages
7,085
Location
Snuffling for truffles
Website
www.thejimmycake.org
How would people feel about the idea of a fundit fundit? You know, for bands that reached a fundit target but then spent all of the album money on jetpacks. Just hypothetically speaking like.
 

hermie

Well-Known Member
Supporter
Joined
Mar 26, 2003
Threads
110
Messages
6,381
Location
blemmer
Website
Visit site
My next one ain't. Can you imagine dropping €20+ eight months before an album came out and it turns out to be a steaming pile of shite? I can't take that pressure.
Ours isn't. Recording paid for out of money saved from gigs over about a year as well as an album fundraiser which called in some favours from mate's bands. Mixing we cover ourselves but are recouping most of it by doing something we wouldn't normally do (a wedding). Record company covering the pressing. So if sales covers the mastering we're not doing so bad.
 

washingcattle

Well-Known Member
Contributor
Joined
Dec 15, 2005
Threads
37
Messages
11,458
Location
The only living boy in New Cross
If fundit was the housing market, the houses wouldn't have been built if they hadn't been paid for and there would not be a boom/bust. I don't think your logic stands in that post.


In terms of complete speculation on sales Vs. guaranteed sales to all who pre-purchased, pre-order slays.

That is not ignoring the business side, that is taking the fantasizing out of it.
Ha I've said it before and I'll say it again. TLDR should be my name on here

Like I said I have nothing against "pre-sales" so long as you're not expected to then pay in to the launch gig or pick your copy up from the singers house or some other lazy band bullshit.


The reason that it's similar to the housing market is that it essentially makes a form of capital (or lets say credit) cheap and readily available. For example lets say art spaces, small galleries etc. If you can get money to start one or keep one going through fundit and you do and then more people do it. Then you reach a point where there are too many artist run spaces in existence for any one of them to ever run as a proper business. Unfortunately that's what they have to be in the end. They have overheads just like any other shop/gallery etc. My old boss, remortaged his house and took out loans a whole bunch of times in order to keep his business running. He did this basically because the banks allowed him too. Fundit is similar in that regard in that it allows people who can't control capital access to capital.

The other aspect is they make apps from the start up cash right ? and Apps make profit. So when does that profit reach the investors ?

In terms of bands it's similar, if you want to make 250 vinyl and you get 250 donations through fundit when you take into account all the expenses of making a recording you might just about break even but that's all, you more than likely can't then fund the next project without using fundit again and that's a huge problem because fundit is not a form of marketing and there's no room for any growth with it. So in the end everyone remains at zero and garners no knowledge of how to successfully self fund from it.

There are massive fundamental flaws with fundit and basically I see it as the absolute last resort. It seems that many people see it as the first port of call. It's that's bit too easy and unhealthy. There's a huge difference between a large "scene" and a strong one.
 

washingcattle

Well-Known Member
Contributor
Joined
Dec 15, 2005
Threads
37
Messages
11,458
Location
The only living boy in New Cross
The funding allows an album to be produced, so after the initial funders get their albums there is excess stock
not if you get the money from the exact number of stock that will be produced. i.e

250 X Donations at €10 each (i.e pre-sale)

€2500 in production cost (recording, mastering, replication etc)

250 X copies sent to the 250 funders.

0 excess stock.

See that's what I'm saying pre-sale is great but it still can only account for breaking even unless someone is wiling to through you a few extra quid out of the kindness of their heart or if you price your product high enough to make a profit and that's a tightrope because less people will buy it in the first place.
 

hermie

Well-Known Member
Supporter
Joined
Mar 26, 2003
Threads
110
Messages
6,381
Location
blemmer
Website
Visit site
How would people feel about the idea of a fundit fundit? You know, for bands that reached a fundit target but then spent all of the album money on jetpacks. Just hypothetically speaking like.
Grand so long as we can tell you what to do with said jetpacks. Or maybe like for 50 quid would you take me out(up) for a nice aeronautical dinner for two.
 

parx

Active Member
Contributor
Joined
Feb 27, 2007
Threads
28
Messages
327
Location
Fairview, The Dublin
Website
www.myspace.com
not if you get the money from the exact number of stock that will be produced. i.e

250 X Donations at €10 each (i.e pre-sale)

€2500 in production cost (recording, mastering, replication etc)

250 X copies sent to the 250 funders.

0 excess stock.
I think the majority of fundits that result in albums would have excess stock left over though in fairness.
 

Unicron

Well-Known Member
Joined
May 21, 2003
Threads
311
Messages
16,149
Location
Near Cybertron
Website
theformersovietreublic.bandcamp.com
I think the majority of fundits that result in albums would have excess stock left over though in fairness.
Additionally if if there wasn't the costs of doing a second run would be far less. The only way that fundit results in break even at best and no better is if your potential customer base is precisely the number of people who initially fund you.
 

Vinnie

Well-Known Member
Supporter
Joined
Nov 6, 2000
Threads
145
Messages
7,085
Location
Snuffling for truffles
Website
www.thejimmycake.org
Grand so long as we can tell you what to do with said jetpacks. Or maybe like for 50 quid would you take me out(up) for a nice aeronautical dinner for two.
Are you asking me out on a jetpack date?

Great to see the Irish Times supporting Fundit. Great to see the Irish Times lampooning Fundit. Aw heck, it's just great to see the Irish Times.
 

worthit

Well-Known Member
Joined
Jan 16, 2007
Threads
55
Messages
1,402
not if you get the money from the exact number of stock that will be produced. i.e

250 X Donations at €10 each (i.e pre-sale)

€2500 in production cost (recording, mastering, replication etc)

250 X copies sent to the 250 funders.

0 excess stock.

See that's what I'm saying pre-sale is great but it still can only account for breaking even unless someone is wiling to through you a few extra quid out of the kindness of their heart or if you price your product high enough to make a profit and that's a tightrope because less people will buy it in the first place.
Correct me if I'm wrong but aren't you basing this maths on the CD's manufacture cost price being the same as that of it's retail price.

If a band were to presell 250 CDs this would give them enough money to manufacture maybe 1000 Cds, potentially generating €10,000.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create a thumped.com account. It's easy!

Log in

Already have an account? Log in here.

Previous thread
Next thread

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

We're listening to...

  • Abelard and Heloise
    Abelard and Heloise
    Prester John
    Abelard and Heloise

Support thumped.com

Support thumped.com and upgrade your account

Upgrade your account now to disable all ads... If we had any... Which we don't right now.

Upgrade now

Latest posts

Trending Threads

Latest threads

Top