IndieVest

Business plan

The company used a membership-based platform for financing film projects. The company served high-net-worth individuals and institutional investors. Members paid a fee of either $2,950 or $4,950 yearly along with a 10% syndication fee. Members were given film pitches to choose from, with a minimum investment of $50,000.

IndieVest documents promised investors a full return on investment, plus a preference payment of 15%. IndieVest stated that investors were to be paid out before the company profited.

Film productions

IndieVest Pictures, a subsidiary of IndieVest, started production on their first film, Saint John of Las Vegas, in August 2008. The film is a buddy comedy featuring Steve Buscemi, Romany Malco, Sarah Silverman, and Tim Blake Nelson. Filming took place in New Mexico and Las Vegas. Saint John was released in January, 2010. The film received $21,666 in its opening weekend at #50 and reportedly the domestic box office receipts totaled just over $100,000. The film received mostly negative reviews, with a 17% rating with 6 "fresh" ratings and 30 "rotten" on Rotten Tomatoes. Chris Nashaway of Entertainment Weekly called the film "Excruciatingly awful" and "a shaggy road movie to nowhere".

In July 2010, IndieVest started filming a second movie, Knights of Badassdom, an American comedy horror film, directed by Joe Lynch, written by Kevin Dreyfuss and Matt Wall. The film was shelved and significantly re-cut by Bradley; Lynch later stated that this was a violation of their contract. On March 4, 2013 updates reported that the film was screened March 5, 2013 to potential buyers in Los Angeles. On July 25, 2013, it was announced that Entertainment One had bought the North American distribution rights to Knights of Badassdom with Wade Bradley negotiating the deal for IndieVest Pictures.