Cryptid
Produce a Horror Feature Film
Regulation Crowdfunding
Brooklyn, NY
Film & Video
Accepting International Investment
Want to be part of an old school creature feature?
What do we mean by “old school”?
We mean practical, we mean real, tangible effects, like the horror movies of the 70’s and 80’s. The terrifying ones before all the CGI fake stuff.
Now with the passing of the JOBS Act, and the continued financial success of horror films in the market, we felt this is the perfect time for this offering.
Horror movies are thriving. A genre that used to be relegated to the fringe has now more than tripled their market share in the last three years.
(Source: The Numbers)
In the past, there was no great or easy way for most people to be able to invest in films. You either had to know somebody, be wealthy enough to be an accredited investor (have a net worth of at least $1,000,000, or have income at least $200,000/year), or donate your money to a random Kickstarter project, which gets you nothing in return but maybe a credit, a tee shirt, or some other random thing.
Well, now, anyone can invest as little as $100 and own a piece of movie history. That’s right, history. No full length narrative feature horror film has ever offered equity to the general public in this manner. (That we are aware of). We are opening the door to anyone who wants to be an integral part of this magical process of filmmaking.
Short Term Goal:
- Produce an amazing horror film in 2018 called "Cryptid"
- Get it ready for sale at the American FIlm Market in November 2018
- Secure a Minimum Guarantee with a reputable distribution company.
Long Term Goal:
- Secure a revenue stream through digital distribution to provide investors with returns for decades to come.
All this with the intention of attaining profitability in less than three years.
But let's not get ahead of ourselves. Let's talk about the horror film we want to make with you. Caution, it might be scary, not to worry though, let's hold virtual hands and get through it together...
Brass Tacks
What kind of Investment is this?
Investment type: Non-Managing Membership Units
$100 per Non-Managing Membership Unit | When you invest you are betting the company’s future value will exceed $474,100
For investors, all of the adjusted gross profits* go to you first, before any producers, actors, director, etc, sees any returns.
Once every investor has been paid back 120% of their investment, then all net profits will be divided into two profit pools, each equal to 50%. One pool will be for investors to share pro-rata, pari passu with all other investors against the full budget of the film. The other pool will go to the producers (actors, director, writer, etc.).
This type of revenue sharing of profit occurs in perpetuity. Potentially allowing returns for the next 20 or 30 years, or beyond.
Minimum Investment: $100
Security Type: Non-Managing Membership Units
Round Size: Min: $10,000; Max: $374,100
Pre-recoupment: Investors will retain 100% of the Company’s ("Cryptid LLC") adjusted gross profits* up to the repayment amount of 100% of their investment, plus an additional 20% bonus, then a prorated share of 50% of remaining (net) profits.
*gross profits allocated subject to terms of Cryptid LLC Operating Agreement attached as an Exhibit to the Offering Document below.
A Growing Need
Where are all the good creature features?
Photo: JAWS (1975), Alien (1979), Dog Soldiers (2002)
As a whole, the digital filmmaking industry has helped horror films immensely. Allowing lower budgets to produce higher quality products while steering clear of the watering down that can occur from big studios. This has been a great thing, as we believe independent horror tends to have the best and freshest takes on the genre.
However, what we think has gotten lost are the great creature features.
We love them, but we can't find them! To be fair, there have been a few recent ones that we think are great (we're looking at you "Dog Soldiers", "Attack the Block", and "Rogue"). Unfortunately, though, they were far more common years ago. They took interesting characters and weaved them into a captivating story which relished pitting unsuspecting humans against a perversion of either nature or science in a battle of wits and/or strength. Not anymore.
The ones that do come out now we feel are too silly, with flat characters, over-reliant on CGI and digital effects, and are too quick to show you what a computer can do.
We think the heart and soul of a great creature feature is one that focuses on characters, and story. Then teases you into thinking about what it could be, and brings you along slowly until the fear and tension are at its peak to finally show its hand. A terrifying drama, in other words.
That's where "Cryptid" comes in.
The Story
"Its a little bit mystery, a little bit redemption character piece, and a little bit of creature carnage"
"Cryptid" is the quintessential creature feature throwback. We say throwback, but truth be told, it's not a complete throwback, as in the 50's sense. It's more like a seventies or eighties throwback.
Films like "Alien", "JAWS", and "The Thing", those kinds of throwbacks, the classics!
The story centers on a slacker journalist, named Max, who discovers that a series of grisly animal attacks in his sleepy little town of Maine is not what it first appears to be. Certain the authorities are on the wrong track, he takes it upon himself, along with his photographer partner Harriet, to uncover the mystery behind these gruesome killings before it's too late.
It's "JAWS" meets "Zodiac": A little bit mystery, a little bit of a redemptive character piece, and a little bit of creature carnage. It is the Triforce of horror films.
We put together a proof-of-concept first scene of the film to give you a taste of the movie we can make together.
"Why Horror?"
Director's Statement
Photo: The Killing of Jacob Marr (2010)
"Horror movies will always have a firm hold on the watershed moments in my life. From the first time I saw a giant shark fly out of the water, I was hooked. As a natural extension from a kid watching adventure films and transitioning to more adult drama films, horror films allowed for that mysterious unknown element that branches off ever so slightly from reality. The faceless unstoppable killer, the talking doll, the stalking alien on a ship, all exposed me to elements beyond the everyday reality of life.
Fear was a huge catalyst for me,and horror movies allowed me to experience fear in the best way possible, from the safety of my living room. These movies I watched, transformed the ordinary and made it something surreal and terrifying. Turning normal shapes and shadows on my bedroom wall into the endless depths of a boy’s expanding imagination."
- Brad Rego (writer/director/producer)
History of Us
What else have we done?
First, a quick bit about us before we talk about the investment. The production company for this film is based out of Brooklyn, NY by the name of 221 Films, Inc.
221 Films, Inc has released a variety of festival shorts as well as two feature films, written and directed by Brad Rego, under its production banner. The company specializes in producing films in the horror, sci-fi, and action genre. The last feature of which, "The Killing of Jacob Marr", won multiple awards including Best Directed and can be viewed on a variety of platforms, such as Amazon Prime. Here is a review from Aint it Cool News.
The focus of the company is to tell compelling, tension building, scary stories that are marketable in the independent film world. We believe in making great movies, that are also scary as hell. We also believe that's what audiences want and are willing pay money for, a genuinely compelling film that frightens them.
To boil it down to a simple mission statement:
We believe in story over special effects, characters over stereotypes, and tension over gore.
(Not to say we don't love blood and carnage, we just like tension a little bit more.)
Aside from the films produced by 221 Films, Inc, Brad Rego works as a freelance cinematographer in the industry, and has shot feature films, commercials, and documentaries, as well as shooting for shows on TLC, PBS, Hulu, and the DIY network.
Previous 221 Films, Inc Releases
Boundaries
- Accepted in the NY Shorts Film Festival.
- Available on Amazon Prime.
The Assemblage of the Crystal Sphere
- Accepted into the NY Independent Features Film Festival.
- Distributed on Netflix DVD, Amazon Prime & DVD, and Hastings.
- Surpassed its investment in less than 2 years.
The Killing of Jacob Marr
- Won Best Director, Cinematographer, Composer, and Special Effects.
- Distributed on Amazon Prime Worldwide, TubiTV, Comcast XFinity StreamPix, UDU Digital, and Roku.
- On pace to surpass investment in less than 4 years of distribution.
Cabin 11
- Won "Best Supernatural Short" Award at Atlanta Horror Film Festival
- Pending several festivals
"Where is this money going?"
Budgets, stretch goals, and creatures suits...
Ok, let's get into the nitty gritty of this investment. You'll notice in the budget breakdown below that it is more than what we have listed for this round of funding.
The reason for this is we want this to be a great creature feature among the pantheon of great creature features. That said, the budget needed to fully complete this film is $374,100. That budget includes everything during the production (cast, crew, housing, food, transportation, props, creature suit, equipment, etc...) and post (editing, composing, coloring, mixing, etc...), as well as obtaining two named actors in the cast (one for the main character of Max the journalist, and one for the supporting role of the town sheriff, Charlie) .
All things considered, it's a pretty low budget for a feature film, but one that we feel will allow us to make the best movie we can, while still stretching our dollars as far as they will go.
However, our initial intention here is to just raise the first $107k of starting funds. Once we have that, we can start hiring financial personnel (such as Sales Agents, Distribution Representatives, Executive Producers, etc...), and by adding these people to our team now, we will be able to build with an eye towards distribution from DAY ONE. This allows us to cast the film based on art/commerce, and utilize International/Domestic Reps recommendations. Doing this and combined with our existing industry connections we will look to obtain matching funds, as well as international pre-sales, and debt financing to cover the rest of the budget.
First goal: If we get the full $107k, and there is still time on the campaign, we will expand the campaign and lessen the amount of the investments needed in the other areas. The more we can get from this campaign, the more leverage and flexibility we have when dealing with the other methods.
Our stretch goal: If we are able to raise more funds then $374,100, we will use the additional funds and work with our sales agent to obtain additional named actors for the cast to increase the films projected profitability and exposure.
Regardless of where this campaign ends up. It's important to note that every penny raised for this production, will end up on screen and go towards making this film the best it can possibly be.
Budget Breakdown
Production $155,200
Cast $65,700
Post Production $43,500
StartEngine $21,000
Producer $15,000
SFX $13,500
Insurance $13,000
Writer/Director $10,000
Contingency $10,000
Marketing $10,000
Unit Production Manager $7,200
Casting Agent $5,000
Accounting $5,000
Total $374,100
Distribution
Domestic
Film Festival Targets:
- Sundance (late January)...
- Berlin (early February)...
- South By Southwest (mid March)...
- TriBeca (mid April)...
- Cannes (mid May)...
- Telluride (mid August)...
- Venice (late August)...
- Toronto (mid September)...
- New York Film Festival (late September)...
Once "Cryptid" is completed, the first step of the plan is to get accepted into a variety of top tier film festivals, which will grow its exposure.
However, regardless of where the World Premiere is, by bringing a sales agent and distribution representative on board during pre-production, those relationships will allow us to hit the ground running with a goal to obtain at least $374,100, as a minimum guarantee (MG) for the Domestic rights to the movie.
Selling these licensing rights will provide maximum exposure to revenue through a variety of video-on-demand platforms such as Netflix, Amazon Prime, Hulu, iTunes, and Cable providers, as well as possible Box Office and DVD/Blu-Ray.
International
Additionally, we will also be looking to partner up with a Foreign Sales Agent to market and sell the movie internationally, territory-by-territory, at the many film markets and conventions held throughout the year. These markets and conventions take place in various cities (Cannes, France, Berlin, Germany, Santa Monica, California, etc.) around the world, where buyers from 39 non-US countries seek to purchase the rights to independently produced movies such as “Cryptid”.
Sales Projections
Below are the calculated projections, based on the business plan created by industry producer Rob Margolies for what’s expected to be made off of “Cryptid” from all domestic and foreign sales.
All projections are under the assumption of no Minimum Guarantee. If an MG is attained, the numbers could potentially be much higher.
Projected Sales Low Case
Projected Sales High Case
$683,200 in adjusted gross proceeds within five years in the low-case scenario. (82.62% ROI)
Adjusted Gross Proceeds goes directly to investors first.
$1,800,800.00 in adjusted gross proceeds within five years in the high-case scenario. (381.36% ROI)
Adjusted Gross Proceeds goes directly to investors first.
"And what do I get again for investing?"
Simple, you'll get an equity stake in the company Cryptid, LLC (As Non-Managing Membership Units, see Terms section). It's only purpose is to make and market the motion picture "Cryptid" and to derive revenue from that intellectual property. The revenue generated by this film, will grant you a return on said investment plus 20%, and then once paid back, as a profit sharing revenue stream forever.
Not to mention, you will be part of the crew! Enjoy weekly updates and track your investment from the first table read through production, post, marketing, and sales. You'll be there to experience it all.
But wait there's more!
We also have a list of exclusive Perks that investing in this campaign here will grant you that you can't get anywhere else. Depending on the investment amount, that could be behind the scenes sneak peeks, invitations to the set while filming, producer credits, meeting the cast, or entry into private screenings of the premiere. (See the below Perks for more details)
"...but seriously, why horror?"
Horror movies are on the rise
If the recent success of movies like "It", "Get Out", or "It Follows" surprises you, it shouldn't, because horror films have been the most bankable films, in terms of return on investment, in movie history.
Let's look at that statement in more detail.
Out of the 20 most profitable movies of all time, based on return on investment, 10 of them have been horror. That's 50% of the movies that have returned the most money to investors.
Also, within the last few years, horror films have experienced a greater surge at the box office, capturing a greater piece of the overall pie. So much so that the market share for horror films has increased from 2.46% in 2014 to 10.96% currently in 2017.
(Source: The Numbers)
One reason for this is the budgets for horror films tend to be much smaller versus other types of films. It won't capture the giant headlines of the latest Marvel movie, but it doesn't have to. A typical studio movie will have a 200 million dollar budget with at least that much on top for marketing costs. It would need 400 million just to break even! With "Cryptid", however, its performance level can be much lower while still returning a higher percentage to you.
Another reason is horror fans have a real appetite for independent horror films. They are driven to these type of films constantly. Movies like "Blair Witch", "Paranormal Activity", "The Babadook", or "It Follows" were produced outside the studio system, but because of horror fans seeking out these lower budget films, they were able to get a mass release for maximum dollars.
Home Media and Entertainment Market
"The U.S. M&E market, which represents a third of the global industry, is the largest M&E market worldwide. The U.S. industry is expected to reach $804 billion by 2021, according to the Entertainment & Media Outlook by PriceWaterhouseCoopers (PwC)."
(Source: Select USA)
"Overall video entertainment spend is set to rise to $280 billion by 2020, with a CAGR of 3%. In 2016, pay-TV accounted for 86% of global video entertainment spend with the pay-TV share of the market to remain stable as growth is in-line with spending on both physical and digital home video. SVoD was the standout performer of 2016 and momentum is expected to continue well past 2020"
-Tristan Veale, Market Analyst at Futuresource Consulting
(Source: Future Source Consulting)
Competition
Whoa, whoa, did you say "creature suit"?
We believe our ace in the hole is a good ole' fashioned scary creature. That's predicated on using practical effects wherever possible. This means a person in a real monster suit.
Sadly, that's rarely done anymore!
That's why our talented Special FX team will create a custom suit on an actor, which will allow that person to "become" the creature and interact in a real sense with the other victims, er...I mean cast, creating a little bit of old-school creature workshopping.
Combine that with an engaging story and we believe this attention to detail and craftsmanship sets us apart from the competition.
Photo: American Werewolf in London (1981), JAWS (1975), Alien (1979)
Perks
In addition to getting equity in Cryptid LLC, we also have a set of Perks depending on your total investment in our company.
- $100+ Exclusive behind-the-scenes peek via email updates during production.
- $500+ Receive a "Special Thanks" credit in the film, as well as on IMDB. Includes all previous perks.
- $750+ Take part in an exclusive live Q&A with the writer/director. Includes all previous perks.
- $1,000+ A personalized "Cryptid" postcard to you, signed by the cast, director, and producer. Includes all previous perks.
- $2,000+ Receive one of the props actually used in the film. Could be a fake bloody arm, a fake gun, fake newspaper, etc... We'll give you some options.... See the movie with the cast and crew! One ticket to the premiere in New York City. (Time and date TBD). You’ll have to provide your own travel and accommodations. Includes all previous perks.
- $5,000+ Receive a piece of the creature suit. Could be a clawed hand or foot, leg, or head from the actual suit created for and used in the film. (Limited availability).Signed by the creator, if desired. Includes all previous perks.
- $10,000+ "Associate Producer" credit on screen and on IMDB. See the movie with the cast and crew! Two tickets to the premiere in New York City. (Time and date TBD.) You’ll have to provide your own travel and accommodations. Includes all previous perks.
- $25,000+ "Co-Executive Producer" credit on screen and on IMDB. Visit the set while we're filming! You and a guest get to meet the cast and crew and hang out. (Filming date/location TBD.) Four tickets to the premiere in New York City. (Time and date TBD.) Name a character in the movie, and it will be said in the film. It could be your name or a name of your choosing. We get to choose the character and to approve the final name though. Includes all previous perks.
*All perks occur after the offering is completed
You are investing in equity in this offering. Perks are meant to be a "thank you" from the company for investing, and to provide you with an experience not available to the general public. If you qualify for a perk that can only be fulfilled by being at a certain place on a certain date (visiting the set, coming to the premiere, etc.), and you cannot make that time and place, we regret that we cannot change our schedule to accommodate any investor -- you'll have to forego that perk.
All investors receive the same pro rata share of the revenue whether or not they claim a perk.
FAQ
Isn't CGI better?
Listen, CGI is incredible. No one is denying that. It has made things possible on film that just wasn't before. I don't want to give the impression that CGI is some sort of bad thing. It's just that, in a horror movie, we think it's kind of a bad thing. It becomes a crutch. Many times when the creature in question is CGI it creates a disconnect with the audience. Whether it doesn't look real, or it's shown too much, the effect is lost. We think too much time on computers, not enough time on the characters, story, and suspense. Certainly, there are exceptions to the rule, but think about JAWS, or the original Alien movie. Other than in the last five minutes of the film, you never see the creature head to toe. Only parts of it are shown. That mystery allows the audience to fill in the gaps and create something that is uniquely terrifying to them.
Why invest in this horror movie over another?
Well, not only do we love horror films, we also believe we have a unique voice in horror. We aren't looking for plug and play stereotypical disposable characters into standard horror situations. We strive to make a good quality film, with a compelling story, and characters that we care about. But we also have the experience to bring the film to the market. Something we have done twice. We think this combination makes us a solid investment.
What's the difference between equity crowdfunding and Kickstarter or Indiegogo?
In our opinion, it's HUGE! Kickstarter and Indiegogo are great platforms, and help so many people get creative projects done. However, at the end of the day they are still asking people for donations without any sort of monetary return. There is no pressure on the project owner to complete anything because the transaction is done. What's more is, if the project is successful, the owner is the only one that benefits, and everything goes back to them. The people who funded the project in the first place, get nothing but a few items of thanks, and that's it! What I love about equity crowdfunding, is you as an investor get to own a piece of the film, and be a part of its success. If it makes money, so do you. It's a great way to make us all pull as a team to make this as successful as it possibly can be.
Why have I not seen this type of fundraising for films before?
Short answer is because this just became legal in 2016. Once the JOBS ACT Regulation CF passed, it allowed for anyone to invest in an online offering such as this. Previously you needed to be accredited (have a net worth of at least $1,000,000, or have income at least $200,000 each year) to do it. However, since that passing, this method has been used almost exclusively for startup businesses. We just think that because every film is really its own startup, it's perfect for this too. Furthermore, there has only been two films that we know of that have successfully used this method. A horror film anthology called "A Field Guide to Evil", and recently a Christmas movie on this site "I'll Be Next Door for Christmas". That means if we reach our goal, this would be the first full narrative horror feature to fund this way...ever! It would be history in the making.
If the company only exists for this one film, what incentive is there to make a return?
Investors are the lifeblood of independent films. Without you, none of it happens. That's why, besides making a great film, our number one objective is to pay back our investors. The reason is simple, although Cryptid LLC only exists for this one film, this is not the only film we plan on making. There are a multitude of stories we want to tell, and if we want to do that, alienating investors is not going to get us anywhere. We are hoping to establish a relationship for years to come.
If the film is completed, what are the odds of me seeing a profit?
We wish we could lay out a hard number that you could bank on, but with a lot of investments, there are too many factors in order for us to speculate. We can say that given the trends of horror films in the market in general, and the modestness of the budget, we are in a good situation. We did have the project financially analyzed by the website Slated* , and they came back with an 87% chance the film would be financially successful.
*Slated is a website that connects people and projects together. Think Linkedin, but strictly for film. Must be a member to view financial scores.
Where is this film to be shot?
Currently, we are looking at upstate New York, or Western Massachusetts. Since we are located in New York City, this gives us the ability to use our connections and to hire locally, while still getting the best talent. We are also planning on using state funded film tax credits from whichever state gives us the best deal.
What's the ratio of profit to how much I invest?
There are several factors at play here; trends in markets, release dates, cast obtained, etc..., but we hired industry producer Rob Margolies to create a business plan for us, and he was able to give us a series of projections given the type of movie we are making and the current climate. He gave us a low case scenario and a high case scenario of the returns we could see. The low case estimates a roughly 83% return on investment. So if that were to happen, and you were to invest $1,000, you would see a $1,830 return. The high case estimates 381%. Back to that same $1,000 investment, they are saying it could bring in as high as a $3,810. Furthermore, if a Minimum Guarantee is obtained, it would be a much higher profile film, and could see a higher profit than that.
What will the movie be rated?
It would be "R"
What happens if you don't raise the full money for the movie's budget?
Typically in raising money for an independent film, you rarely get all the money from one place. It tends to come from a variety of different sources to get the full amount. This is why we are seeking the starting funds here, the most difficult to obtain. Depending on how much we are able to raise here, we have a plan on how to move forward:
- $10k - 50k+ - Use part of the money to raise awareness of the equity fundraising campaign in order to let more investors learn of the opportunity while the campaign is still running. Use as a proof of concept to attract additional team members to expand our current network.
- $107k - With almost a third of the budget attained we can begin to use our connections to obtain matching funds to get us closer to the $374k. From there we can hire a sales agent and work on obtaining a cast that will give us solid exposure both nationally and internationally. This will allow us to get some pre-sales from several territories, which can be used as collateral for debt financing to obtain the rest.
- $374k - Without having to go out and make additional deals, this gives us the fastest way to begin the production on this film. With all the money in place we can hire the entire cast and crew, secure locations and permits, and start filming earlier than expected, which means a faster return.
How long will the film take to shoot?
We estimate approximately 28 days of shooting, and 3-5 months of post-production.
How long until I see my first return?
Unfortunately, there is no way to be 100% sure, but with the timeline we have laid out, we expect to begin selling the rights by November of 2018, the first film market available after the movie is in its final stages. If a Minimum Guarantee is obtained then it could be as soon as Q1 of 2019 (one year after filming starts) , otherwise the first return would most likely be in Q3 of 2019.
Have more questions, send us a message!
Offering Summary
Maximum 3,741 Non-Managing Membership Units ($374,100)
Minimum 100 Non-Managing Membership Units ($10,000)
| Company | Cryptid LLC |
| | |
| Corporate Address | 130 Bay Ridge Parkway APT 2D, Brooklyn, NY 11209 |
| | |
| Description of Business | Manage, produce, and market a feature motion picture |
| | |
| Type of Security Offered | Non-Managing Membership Units |
| | |
| Purchase Price of Security Offered | $100 |
| | |
| Minimum Investment Amount (per investor) | $100 |
Recoupment: Investors will retain 100% of the Company’s ("Cryptid LLC") adjusted gross profits* up to the repayment amount of 100% of their investment, plus an additional 20% bonus, then a prorated share of 50% of remaining (net) profits.
*gross profits allocated subject to terms of Cryptid LLC Operating Agreement
Perks**
- $100+ Exclusive behind-the-scenes peek via email updates during production.
- $500+ Receive a "Special Thanks" credit in the film, as well as on IMDB.
- $750+ Take part in an exclusive live Q&A with the writer/director.
- $1,000+ A personalized Cryptid postcard to you, signed by the cast, director, and producer. Includes all previous perks.
- $2,000+ Receive one of the props actually used in the film. Could be a fake bloody arm, a fake gun, fake newspaper, etc... We'll give you some options.... See the movie with the cast and crew! One ticket to the premiere in New York City. (Time and date TBD). You’ll have to provide your own travel and accommodations. Includes all previous perks.
- $5,000+ Receive a piece of the creature suit. Could be a clawed hand or foot, leg, or head from the actual suit created for and used in the film. (Limited availability).Signed by the creator, if desired. Includes all previous perks.
- $10,000+ "Associate Producer" credit on screen and on IMDB. See the movie with the cast and crew! Two tickets to the premiere in New York City. (Time and date TBD.) You’ll have to provide your own travel and accommodations. Includes all previous perks.
- $25,000+ "Co-Executive Producer" credit on screen and on IMDB. Visit the set while we're filming! You and a guest get to meet the cast and crew and hang out. (Filming date/location TBD.) Four tickets to the premiere in New York City. (Time and date TBD.) Name a character in the movie, and it will be said in the film. It could be your name or a name of your choosing. We get to choose the character and to approve the final name though. Includes all previous perks.
**All perks occur after the offering is completed
Multiple Closings
If we reach the target offering amount prior to the offering deadline, we may conduct the first of multiple closings of the offering early, if we provide notice about the new offering deadline at least five business days prior (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment).
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
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Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
HOURS TO GO!
10 months agoSO THIS IS IT!!
The Cryptid campaign has but hours left to go before we close out all public offerings for good. My ability to update through the StartEngine website may get locked out after everything closes so I wanted take a minute and thank all of you for being involved in helping make this a successful campaign. This truly has been a dream come true for me, and I could not be more excited for the task ahead. So thank you thank you thank you.
And if you haven't invested yet, want to get more units, or tell your friends...as of this writing you've got about 15 hours.
Looking forward to working with all of you as we make this awesome movie!
-Brad
2 Days Left - Follow the Yellow Brick Road
10 months agoHello Hello Hello!
With 2 Days left, I wanted to send a message out specifically to all the followers of the campaign that have not invested yet, all 372 of you (768 followers, 396 Investors). So if you have already invested in our film, thank you, but you can delete this email, grab a sandwich, or resume your other email duties.
Group 372: I get it. You have been watching from afar, seeing the updates and the comments, playing it coy, not totally sure whether you want to fully commit. Maybe you were playing the field a bit and weren't ready to settle down, I understand.
However, we are reaching the end point. Once the campaign closes, we won't be able to update this page anymore, and all the discussions, comments, and production updates will take place through the investor email exchanges. Essentially our relationship will come to an end. Do you really want to miss out on where this goes? Wouldn't you want to keep the party going a little longer?
Now is the time to take a stand, come off the sidelines, and get in the game! (I know I'm mixing metaphors here, but you get the idea.)
By investing, even just the minimum, you will be included in everything that is to come as we move through pre-production, casting, shooting, editing, distribution, sales, and return. Doesn't that sound fun? I love the fact that you have been interested in seeing where this crazy ride has been going, but why get off now?
Come join us Group 372, we would love to have you be part of the team!
Final Live Q&A Video
10 months agoSeasons Greetings Everyone! (I think I can officially say that now that Thanksgiving is past us)
Last weekend we did a 90 minute Q&A session about all things Cryptid. We had a bunch of people attend and they asked some really great questions. That being said, I took that video and edited it down to a more reasonable hour length. So if you didn't get a chance to attend the session, this will be more than you could ever want or need of hearing me talk in one sitting.
FINAL DAYS
Only a few days left to come on board!
Don't miss it!
Today's Q&A Starts in an Hour - LAST ONE
10 months agoNote: If you can't attend but want a question answered, feel free to leave a comment in the following places:
Facebook: Facebook Event
Email: Cryptid Email
Twitter: Cryptid Twitter
Today's Q&A Starts in an Hour
10 months agoNote: If you can't attend but want a question answered, feel free to leave a comment in the following places:
Facebook: Facebook Event
Email: Cryptid Email
Twitter: Cryptid Twitter
Happy Thanksgiving
10 months ago
I hope everyone has a great day today enjoying the holiday of over consumption. I know I will try, and fail, to not have that third piece of pie after dinner.
Anyway, if you are too stuffed to move tomorrow or don't have any interest in braving the Black Friday crowds, I just wanted to remind you all that our first of two YouTube Live Q&A discussions is tomorrow at 3pm (EST). I also wanted an excuse to put the Cryptid in a funny little hat again.
Nov. 23rd Broadcast Link - Nov. 24th Broadcast Link,
Note: If you can't attend but want a question answered, feel free to leave a comment in the following places:
Facebook: Facebook Event
Email: Cryptid Email
Twitter: Cryptid Twitter
Enjoy the day and see you tomorrow!
14 Days of Cryptid
10 months agoHello Everyone!
We are getting to the final days of the public offering of Cryptid. Only two weeks left in fact! So if you haven't invested yet, this is your last chance to get on board and join us in making this movie.
Also if you are a new follower to the campaign, or still on the fence, come join us for our final Live Q & A - AMA on YouTube Nov 23rd and 24th at 3pm (EST). Below are the YouTube Live Broadcast Links.
Nov. 23rd Broadcast Link - Nov. 24th Broadcast Link
Note: If you can't attend but want a question answered, feel free to leave a comment in the following places:
Facebook: Facebook Event
Email: Cryptid Email
Twitter: Cryptid Twitter
I hope you'll check it out, ask some questions, and come on board. (Full disclosure: I'm hoping we can hit 400 investors by the end, because I love round numbers.)
This has been an amazing ride so far and I'm really excited about what's to come as we charge forward. As always, thank you for reading and being a part of this project, and feel free to leave a comment.
-Brad
Final Live Ask Me Anything Q & A Results
10 months agoHi All,
After tallying Facebook, the comments here, and the emails that I have gotten over the last week, I decided to do the final Q & A\Ask Me Anything on....BOTH days!
That is right, there seemed to be decent amount of people who were interested in both days so I decided to say the hell with it, and just do both. I mean, after Thanksgiving, I'm usually too stuffed to move the next two days anyway, so I might as well take some questions!
If you checked out the last one, this one will be similar, although I probably won't go into the description of the campaign as much as I did the last time to make more room for the questions, so they may be a little shorter overall, but that's up to you fine folks.
The rules are simple:
I'll post the link here as we get closer to broadcast time, most likely YouTube Live, and you click on the link and ask me any question you want. It can be about equity crowdfunding, the production, where we are in the process, who we are targeting for cast, what is taking so long, how was your Thanksgiving, what movies have you been watching...whatever you want!
The beauty of this only existing live is I can be a little more candid about some of the answers as this will be the only time it lives, and I can cut out anything for the rebroadcasted video. So there will be some parts of it that will only exist in the moment of the live broadcast. Oooh, is that enticing?
Here are the details below with more info as we get closer to broadcast.
What: Live Q & A - AMA
When: Friday Nov. 23rd & Saturday Nov. 24th at 3pm (EST)
Where: YouTube Live Links Below
Nov. 23rd Broadcast Link - Nov. 24th Broadcast Link
Note: If you can't attend but want a question answered, feel free to leave a comment in the following places:
Facebook: Facebook Event
Email: Cryptid Email
Twitter: Cryptid Twitter
Another Live Q & A?...Sure, why not!
11 months agoHi Everybody!
Since the last Live Q & A video we did was over 300 investments and 500 followers ago, I was interested in doing one more before the campaign comes to a close, but I wanted to get your input on when.
The two dates I'm thinking about are:
1. Friday Nov 23rd @ 3pm (EST)
2. Sat Nov 24th @ 3pm (EST)
(I know the first one is on Black Friday, but I thought there was certain charm to talking about a monster movie on that day. )
The trick here is unfortunately there is no polling option on this site, so there are a couple ways I can get your input:
Go to our Facebook page to vote here: Cryptid Facebook Page
Email me: Cryptid Email Address
Campaign Page Comments
Drop a note in the comments section bellow as to which you prefer.
Also, if you don't like those two options, feel free to suggest your own!
Announcement of the official time and day will come next week.
30 Days to the Finish Line
11 months agoHello Everyone,
I wanted to send a quick update on the campaign plans moving forward. We are still in the middle of phase two, as mentioned in the previous update, and are currently working with our casting director and sales team in assembling a list of lead actors to attach to our film. We are looking get someone who can elevate the material creatively as well as give us a solid international interest in distribution.
In the campaign itself, to take advantage of the horror season while also eyeing a definitive finish line, we are going to do one final mini-extension for 30 more days. That will be the official end of this offer.
Thank you to everyone who has been a part of helping this film get to where it is today and through the final days to come. Words can not describe how excited I am about being able to make this film and share it with all of you.
Here are a couple of quick campaign stats:
Number of Followers: 703
Followers who have invested: 345
Number of investors: 357
Number of Investments: 407
Average Amount per investment: $344
-Brad
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