Yesterday one of the Kickstarter stories we were following came to a surprisingly abrupt end as Melissa Joan Hart closed the campaign for Darci’s Walk of Shame two weeks early and with a mere fraction of the target raised. Clearly Hart and chums were hoping to have the same success as Rob Thomas with his Veronica Mars project and Zach Braff with his ongoing Wish I Was Here endeavours but Hart could see she wasn’t going to pass the $2-million mark she needed and pulled the plug.
So why didn’t Darci experience the same success as her contemporaries? Is it as simple as the fact that Sabrina Goes to Rome was a long time ago, was awful and that Hart has a much smaller fan base than Braff and Veronica Mars? Is there a convoluted and inaccurate mathematical analysis I can perform? I bloody well hope so.
To begin my numbers-based investigation I gathered together some statistics for each project. I looked at their Kickstarter success, or lack thereof and the three lead actors Twitter accounts to get an idea of fan base size. I also looked at the three existing titles which the respective Kickstarter projects relate to (Veronica Mars, Garden State, and Sabrina Goes to Rome) and noted their IMDb user rating and the number of years since their release. Here’s what I gathered:
The first thing to note is that Mars and Braff are pretty similar when it comes to their average pledges and Twitter followers yet differ greatly in the amount of money they have raised. Melissa Joan Hart has much less money and followers but gets far more money per pledge. No proper trend here so I will be ignoring the number of Twitter followers a lead actor has.
At a quick glance however it does seem that a higher IMDb rating for the previous release and a more recent release make for a larger amount of money raised. The bubble chart below makes this clear:
The size of the bubbles is the amount of money raised on Kickstarter and the largest is for the highest rated film/show which was released the most recently. From here I continued on my pointless journey and created a new metric of IMDb score divided by the number of years since release (a sort of combined recency and quality score) and plotted it against the amount raised:
And there we have it! A direct relationship between how much you can raise on Kickstarter for your film based upon the recency and quality of your previous work.
Amazing! Inaccurate! Time-wasting! Superb!
An endlessly useful formula I think you’ll agree. What this means is that we can calculate the ideal value of IMDb Rating/Years Since Release that will get you to the $2-million mark. That value is 0.705 and is also endlessly useful because we can use it to make the table below:
This tells us how many years you can wait until you try to make a follow-up film on Kickstarter based on your TV show or film’s rating on IMDb. For example Buffy the Vampire Slayer has an IMDb rating of 8 and has been off-air for 10 years so still has another 1.35 years until it will no longer raise sufficient funds on Kickstarter. On the other hand Freaks and Geeks has an IMDb rating of 8.9 but has been gone for 13 years now so is just too late.
So if you own the rights to an existing franchise and fancy raising money on Kickstarter use my handy formula to see how much you will be able to raise. You are welcome.
DISCLAIMER: This is in no way accurate, does not take enough projects into account, and ignores far too many other factors to be of any use.