kickstart _

[Radio-Bored-Op]

Could someone use Kickstart to finance buying a small AM / fm repeator in an area with modest population outside of a suburb, close to a rated market ?

Either_ have a few big companies to take a chance on a niche format.

 

[lanceventa]

I presume you mean Kickstarter? Of course you can if you raise the financing and the seller agrees to your termsheet in terms of holding the note. You'd have to figure out how you're going to pay your investors back as well or whether they would hold attributable interest in the station and ensure that doesn't create any overlap concerns. Would be something you'd need an experience broker and FCC attorney to navigate.

 

[fybush]

Anyone can try to use any funding they can get. It's whether they have any kind of viable plan for what to do if they get the money that matters.

 

[TheBigA]

If you go to kickstarter.com, and search Radio, you'll see examples of LPFMs or actual radio stations that raised money that way. There are also online stations and radio shows. One of the inherent problems with using Kickstarter this way is that radio stations are local and Kickstarter is a national platform. So the platform reaches a lot of people who won't be able to hear the radio station. The other adjacent problem is directing and publicizing your kickstarter to people in the radio station's coverage area who would benefit from the station getting funded. Then, as the posts above say, you have to decide what to give the people who funded you.

 

[SomeRadioGuy]

you can, doesnt mean you should or would be successful. theres lots of legal ways to raise money. you need to study the market intensely first of all.. before you start raising money.

(I was involved in a 3 station sale that didnt go through, but quite a bit before hand... i spent 2 weeks studying the market, listening to every station and writing up a very detailed proposal on what i wanted to do with the 3 stations)

 

[Radio-Bored-Op]

you can, doesnt mean you should or would be successful. theres lots of legal ways to raise money. you need to study the market intensely first of all.. before you start raising money.

(I was involved in a 3 station sale that didnt go through, but quite a bit before hand... i spent 2 weeks studying the market, listening to every station and writing up a very detailed proposal on what i wanted to do with the 3 stations)

Very detailed answer _ thank you !!