If you’re an investor looking for that sweet spot that’s higher-end than Kickstarter or Indiegogo, but not quite on the level of actual venture capital or private investing, Junction may be the thing for you. And it’s becoming a player in the movie business.
According to a report in The Wrap this week, Junction, a crowfunding site that is “only open to wealthier investors,” is involved with backing several top films, including the upcoming Tom Hanks-starring Dave Eggers adaptation “A Hologram For the King” and “Triple Nine,” a thriller starring an eclectic cast that includes Aaron Paul, Kate Winslet, Chiwetel Ejiofor and Casey Affleck.
Junction’s model differs from Kickstarter in that projects do not only get funded if they draw enough pledges; the movies are going to be made regardless, but the crowdfunding effort is meant to merely draw additional investors. Also, Junction investors must apply for inclusion, with minimal requirements of $200,000 yearly income or a net worth of $1 million.