Each film project listed on Slated is packaged for investors. It must have a director, a producer, a writer and principal cast to be considered. The budget requirements for a feature film are $500,000 to $15 million; for a documentary, $250,000 to $2 million. Typically films come in at between $2,000,000 and $5,000,000.
Slated restricts its membership to investors who meet the Securities and Exchange Commission requirements for accreditation — a net worth of $1 million or annual income of at least $200,000 for an individual and $300,000 for a household for the last two years.
The filmmakers and financiers negotiate the terms of the deals on their own, without Slated’s involvement. Since the company’s introduction in January 2012, nine films listed on the site have received financing. According to Mr. Cork and Mr. Paternot, investors in recent projects have committed amounts from $25,000 to several million dollars.
Eventually, Slated will begin charging transaction fees, much the way Kickstarter does.