Why is the group called
Capitalism - an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
The Sad Truth
If you want to make anything, it takes MONEY.
This is especially true when it comes to media production. No matter how much passion and enthusiasm you have for a project, artists still need to eat and to pay rent. You need tools like cameras, computers, and other equipment. And no matter how simple it is to do something, it can always be done faster with more money.
So, for a media production to happen, it needs money. In the old days, this funding was controlled, for the most part, by large private media companies, but the Internet has really changed the world – thanks to Kickstarter and Indigogo, anyone can contribute funding to any project they find interesting or exciting. And that’s great because people get to experience truly new and beautiful things - things that were shaped by a community of people who saw potential in an idea, not by budget considerations in some corporate boardroom. But when the project is finished, where exactly do the profits go?
The Fine Young Capitalists is about returning those profits to the original investors in the form of donations to charity.
Making something is great, but making something that is not only fun for the user but can support the less fortunate is even better.
Every TFYC official production is divided into three parts:
Part 1 -> The Acquisition
An open call is done, in which anyone in an underutilized minority can submit an idea. It costs nothing to submit the idea, and all qualifying ideas are accepted, regardless of applicants’ age and experience. These ideas are sorted by industry professionals to determine which ones are best, and each person whose idea is chosen is given the tools to present their projects publicly.
We will NOT be asking for contributions at this time.
Part 2 -> The Judging
The Internet comes to see the work and vote on which project they think is best, and which is most likely to succeed. The creators get to show their work and while only one is chosen to be funded, the other creators are free to take their new presentations and show them to world and try to find their own way.
Part 3 -> The Funding
The winning production is then presented to the world and people are able to invest in it. Money that is given for the production acts as profit participation. Each dollar that backers give in funding guarantees them a percentage of the total profits from the production. The backers are then able to choose which charity their portions of the profits goes to. Every three months the backers are able to not only see how well the production did, but also who received the profits from their investments.