By Nora Chute | Thompson on Hollywood October 28, 2013 at 3:14PM
1. Doc funding is competitive, but also democratic. But also really really competitive. These organizations fund on average less than 5% of the applications they receive. However the panelists went out of their way to emphasize how democratic the process is, that it’s not about who you know or what you’ve done, but how good your end product is going to be. With that said, experience does make a difference because it’s evidence to your ability to get the job done. Basically: good luck, young filmmakers, you’re going to need it.
2. There’s no such thing as free money. Sundance and the SF Film Society demand that all their fundees come back and serve as mentors, a practice that Turner-Salleo pointed out was often viewed by filmmakers as too much work. The SFFS looks at the long view of a relationship with a filmmaker and developing that talent. And while it’s not true for any of these particular funders, many organizations attach their money to deliverables, rights, or recoupments.
3. Many funders are trying to be catalysts. When deciding who gets money, grants givers often focus on who the money would do the most for. They want their money to cause a project to gain momentum.
4. Ultimately, the end game is getting as many good, worthwhile stories and talent out there as possible. For these panelists, the most important return on investment was telling a great story that needed to be told.