Just over a month ago, Pledgeme and Snowball Effect became New Zealand’s first equity crowd funders , licensed to act as intermediaries between entrepreneurial companies wanting to sell shares and investors wanting to buy them. This week, The Patriarch , through Snowball, became the first feature film to seek equity crowdfunding in New Zealand. It may not be the first feature in the world to be equity crowd funded but it’s close. New Zealanders have engaged with equity crowdfunding before, when Spanner Films, led by New Zealander Lizzie Gillett, produced Franny Armstrong’s The Age of Stupid in the United Kingdom and later provided a step-by-step guide to their model. Also in the United Kingdom, Simon West ( Tomb Raider , Con Air ) is using equity crowdfunding to raise money for his Salty . The Patriarch , from the novel Bulibasha , is the fourth feature from a Witi Ihimaera story. It follows Whale Rider (2002, wr/dir Niki Caro), Kawa (2010, from Nights in the Garden of...
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