Lately, I've been thinking about the sundry production companies I've worked with and my decision to found my own. These reflections started with a message I received from a fellow who was exercising due diligence on a business deal with someone I know, and who asked why I left.
What I've come to is that production houses are like playing with someone else's toys. There are some very cool houses to visit in the neighborhood. Some people's moms let you eat things you're not supposed to, some kids have the super duper playset, and some kids have cool friends. Some kids have a great TV, or the best Nintendo collection (Tennyson is dated thusly), and a small handful of kids and their parents may as well be family.
Still, playing at someone else's house means playing by house rules. There are things you would do in your own home that you can't do here, and it's not a big deal.
Maybe you want your own basement to be a cool place to hang out, and maybe you don't. If you do, it's not necessarily about having rich parents. If you build a fort down there, that's cool. If you think up fun things to do, that trumps everything else. Building your own production company is more or less like that. There's a group of people that hang out in your basement, because the things they do down there are things they can't do someplace else. Not the way they'd like to, at least. Also remember that just because folks like hanging out in your basement doesn't mean it's not cool to go someplace else. That other kid's mom still makes good meatloaf, and you really can't argue with a strong Nintendo collection.
Cultivating an environment like that is how you make yourself relevant in the Hollywood community. Start there, and the money will come.
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