What to Expect:

Process

Projects that are accepted to the venture studio go through a three-stage process.

 

1. Incubation

The leaders of each project enter incubation, where they meet weekly with the other creators in their cohort.  During this time, creators refine their product (whether it’s a script, score, or–for disruptive ventures–any other form of a “minimum viable product”) within a diverse, collaborative community. They also complete a workshop series designed to equip artists with the business and finance tools they need to organize their team and create a “proof of concept.” A proof of concept might be a reading for an “on-stage” project, a trailer or pitch bible for an “on-screen” project, or a test run of an MVP for a disruptive venture. 

After successful incubation, the project receives a pre-seed investment to create this proof  of concept and to support creators through the accelerator.

2. Accelerator

After successfully proving their concept, creators enter the accelerator, where they receive mentorship, networks, and resources to launch or produce their project. They attend sessions that help them develop strategies for marketing, sales, and securing strategic partnerships. 

By the end of the accelerator, they will have a business plan and demonstrable traction and will have the opportunity to pitch to our production fund. This fund provides the seed investment necessary for full production or launch. 

3. Production

We think it is important that creators take leadership roles on their own project, ensuring that they maintain a strong voice in the room for all artistic and production decisions. The education from our incubator and accelerator, and the two rounds of investment allows creators to either produce on their own or approach co-producers with significant leverage, enabling them to maintain equity in their own work, rather than quickly selling or licensing it.

Collaboration

One of the most important aspects of our process is collaboration. During both the incubator and the accelerator, our creators meet regularly, sharing insight, ideas, and professional networks. We structurally incentivize this collaboration by sharing the profit of the overall fund amongst all creators. (Note: This is not a cut of the “artists’ share” of the project; it is a cut of the investor’s share.) This means that when any idea succeeds, all of us succeed. We, therefore, expect all creators to be present and engaged throughout the process and beyond. Each artist will, in turn, be supported by a present and engaged creative community.