Producing : For what would you pay a retainer fee? by Mike Chinea

My sentiments exactly.

Tell them they can have 10%. If they're serious and any good, they'll take it. If they say no, it's probably a scam.

NEVER PAY

For what,making banners ,number s of impressions,number of subscriptions or ticket sales, viable numbers of would be actual customers which is a difficult number to determine.There are a few people who are developing a knack, to take things viral ,yet its still pretty ify, A really good product on Kicjstarter tends to generate its own buzz because people see the value of getting in early or because its a game changer and they are early adapters and proud of it.

never pay!!!!!!

You guys are brutal and I love you all for it! Toss a penny in the air in Hollywood and it will surely land on a scam artist. Caveat emptor.

Stick with me kid I'll make you a star. For 49.95 you can join ___________ a guaranteed path to Hollywood wealth and fame with little work on your part./ Hang in there buckoo we've all been burned at one time or another.

I never paid the $49.95 b/c I got a senior citizen discount, so there.

Ive been fighting them for ever since I got to Hollywood in 72.They never seem to go away

"Crowdfunding" is the new buzzword and the new "bandwagon". Read all the above comments, they are correct. Doing your own research may cost you little or no money expended--just some time and effort-- and find out about what this entity is and the individuals involved. Legit businesses have a permanent address and a history of business and the type of business entity they are. Corporation? LLC? Partnership? Check them out with the Secretary of State, and Court filings (have they been sued, been sued, injunctions, outstanding liens, criminal background checks). So many con-artists out there--once you give them your money, they may be gone--and suing will not help there is nowhere to serve the papers and you cannot collect damages on what is "judgment proof"--no assets to attache to.

Excellent point Carol Fox Freeman Esq. While 4 years ago there were only a handful of crowdfunding sites, last year there were 600 and this year there are over 9,000 websites registered as crowdfunding related businesses.

This is a 1 hour Stanford Law School roundtable discussion geared to the Accredited Investor entitled: Rock Center | Crowdfunding: The New Age of Venture Capital or an Invitation to Fraud and Disaster? http://www.youtube.com/watch?v=fACROb5EBfQ This smells so Dot.com. Here we go again. If it's too good to be true...you know the rest. All the smart money out there knows (1) do your due diligence--demand risk disclosures, proven expertise or previous success in that area, and (2) have a diversified portfolio because the majority of your basket of investments will fail--even if the failure is honest. The Hollywood take on what is the most expensive movie to make? Answer: "Driving Miss Daisy. Made Millions. Academy award winner. Huh? Why? Think of all the investors that bought in to--and lost--- on that subsequent so-called "THE 'low-budget' movie" taunted as the next "Driving Miss Daisy." So think like an "accredited investor"--so not only will you get not frauded out of your retainer--but also think protecting your reputation and your product which can get dragged through the same dirt as the fraudsters. Ask yourself--who are these guys and why are they hustling me. No brainer--what solid evidence have you acquired to get beyond thinking they are probably hustling not only the investor but you also?. You have enough legit challenges with your production without adding to them. Trouble will find you--as an attorney, my reputation and my job security rests on getting it right for my client so it won't result in trouble-