Using the internet to fund your films

CinemaTech just took a look at three websites that are designed to help filmmakers raise money online. They only looked at sites that were open for anyone to use to get funding which narrowed the discussion down a bit. The three sites they talked about were IndieGoGo, ArtistShare, and IndieMaverick. You can check out the article here.

The internet is certainly changing the way filmmakers raise money for their films. On the positive side a lot of these sites take a lot of the legwork out of finding people to fund you, and allow the option of having lots of smaller investors rather than just a few big shots. It seems like it might be harder to convince the masses to give you a small amount of money rather than a few big shots to give you a substantial amount of it. Have any of you used an internet site to fund a film? What was your experience?