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How to fund a studio project?
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HonaCostello
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#1
14th February 2013
Old 14th February 2013
  #1
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HonaCostello is offline
How to fund a studio project?

Hello! Recently I've gotten tired of having clients come over to my house to record. So I was wondering how do I get funding for a studio? I heard of these angel investors but I'm not to fond of them. Also I dont have A1 credit. I was wondering what Credit Score I needed?

I have already scouted out places in Los Angeles, CA. and I found tons of places, thats only like 1000-1500 a month.

My estimate price was 7-10k.

And is there other ways to fund a studio?

Thanks.
#2
15th February 2013
Old 15th February 2013
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You could have a credit score of 7 gazillion and no investor in possession of a brain would be interested.

$7-10k? You clearly have no idea what you're asking them to invest in. Commercial studios will spend more than that simply getting somebody to design it. They'll spend more than that on cabling. They'll spend more than that on furniture. You're in dreamland. Multiply by 20 you might be able to do something.

The only way to fund a studio is through your own hard cash. Investors invest - they don't donate. Investing is where you put money in and, in as short a time as possible, more money than you put in comes out. Very few studios achieve this - particularly those in the 7-10k - ie project studio - bracket.

Even if they did exist, you would need a proper business plan to show them. Your post to me suggests you don't have that.
#3
15th February 2013
Old 15th February 2013
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joeyp978 is offline
Ouch...

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#4
15th February 2013
Old 15th February 2013
  #4
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In 1970 7-10k would rent you a space with no gear.In 2013 it won't even pay for the space for long.

Are you making 5-10k per month recording now after expenses with no rent?

My company vehicle gas bills are $3200 a month alone.There are a lot of other costs of maintaining any facility also-internet,electric,trash,security etc.

You have to consider all the costs in any venture before even considering it.

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#5
15th February 2013
Old 15th February 2013
  #5
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No real investor is going to put the money up. No bank is going to put the money up.

If you're not going to make the money yourself, you're going to need to find people who just really CARE about what you're doing. If that's not a friend or family member or something like that who cares about YOU, then you need to look at who you can collaborate with that has access to some of the resources you lack... and cares about the project.
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#6
15th February 2013
Old 15th February 2013
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cargojon is offline
Let's take a step back here. What kind of profits are you clearing now? How would you expect a new studio to increase that?



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#7
15th February 2013
Old 15th February 2013
  #7
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lukeoxendale is offline
I'm doing the same exact thing. Just trying to get people out of my basement studio and create a studio OUTSIDE my house. I only need to raise about $2,000 though. Any ideas for fundraisers?
#8
15th February 2013
Old 15th February 2013
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tc_live is offline
Quote:
Originally Posted by lukeoxendale View Post
I'm doing the same exact thing. Just trying to get people out of my basement studio and create a studio OUTSIDE my house. I only need to raise about $2,000 though. Any ideas for fundraisers?
Most people do the job until they have the money.

I doubt you will get sponsored for a parachute jump to build a studio.
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