I think this project has excellent merit. However, I think it's fair to say that investors need to see much greater detail in the breakout of the budget. The more proof I have that Justin (or any of the artists) has thought through all of the details and accounted for every dollar he's asking for, the more confidence I have that he will succeed in managing the production. As they are now, the numbers feel "ball parked". That leaves me worried that perhaps he's uncertain or inexperienced in managing a budget of this size.
I also would ideally like to see these recipients required to put up some of their own money as an initial investment, with some sort of proof shown on this site that those funds have been secured and held for the project. If those funds are withdrawn, the project should be canceled.
Again, I think entire approach is terrific, but it feels like additional measures must be put in place to ensure investors of the legitimacy of the artists and the merit of their projects. Similar to the IPO process for companies going public, there must be a transparent process that allows investors to understand why these artists were chosen (and ideally chosen by already notable artists) as having the kind of project that deserves public funding.
Best of luck to Trust Art. This is a ground breaking idea, indeed.
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Reader Comments (1)
I think this project has excellent merit. However, I think it's fair to say that investors need to see much greater detail in the breakout of the budget. The more proof I have that Justin (or any of the artists) has thought through all of the details and accounted for every dollar he's asking for, the more confidence I have that he will succeed in managing the production. As they are now, the numbers feel "ball parked". That leaves me worried that perhaps he's uncertain or inexperienced in managing a budget of this size.
I also would ideally like to see these recipients required to put up some of their own money as an initial investment, with some sort of proof shown on this site that those funds have been secured and held for the project. If those funds are withdrawn, the project should be canceled.
Again, I think entire approach is terrific, but it feels like additional measures must be put in place to ensure investors of the legitimacy of the artists and the merit of their projects. Similar to the IPO process for companies going public, there must be a transparent process that allows investors to understand why these artists were chosen (and ideally chosen by already notable artists) as having the kind of project that deserves public funding.
Best of luck to Trust Art. This is a ground breaking idea, indeed.