I have a very small set up of good pieces:
1 good digital camera (panasonic dvx 100a)
1 small pansonic 3 chip handicam (purchased for playback and use until the heads die)
1 good shotgun mic (audiotechnica AT 835)
1 bogen/manfrotto tripod
1 macintosh powerbook G4 (tricked out as far as I could afford)
1 bypass card (because you don't want to save your footage where the edit system operates, they're cheap)
1 Final Cut Pro HD edit system (I don't shoot in HD, but it does what it should)
1 320 gig external hard drive (which I fill up with almost every project, then reluctantly purge)
1 tape rewinder
I want a terabyte so I don't have to purge my hard drive for longer periods of time, eventually, I'll do what knightly suggests and just store the projects instead of dumping them.
I purchased professional grade digital tape stock from Data Media. They are holding up to my blacking the tapes, but I will be purchasing some new stock soon I hope.
The secondary handicam I bought as playback because a cheap playback deck will cost you at least $1000, which was the price about a year or so ago when I was pricing them. I got the camera for two reasons: 1.) if you can avoid it, you don't want to use an expensive camera as a playback or vcr because it will wear down the heads. Better to destrory a $500 dollar camera than to destroy a $4000 dollar camera; and 2.) until the heads wear out, you have 2 cameras. You use the small one as an overall wide shot or whatever seems good, I usually call it my "drummer cam". Or else I try to just get a good secondary angle.
I use the "big" camera for everything important. Main shots, interviews, etc. The picture is better, the sound is better.
I hope to purchase:
1. on camera light
(since I like ambient light, I have been lucky, but I have also not been able to shoot on occasion because my camera light wouldn't work. That
sucks!
1 new tape rewinder that will also fast forward
1 monopod (so that when I am in the crowd, I can still have some kind of stability)
1 terabyte of hard drive
Dream item: 1 wide angle lens for DVX. I don't want anything too over the top, no fisheye lenses. Just let me get a wider shot than I am presently getting. I don't have $600 to drop on a lense, but I'm okay for now.
You can get away with just a: camera, shotgun mic, computer with good edit system and external hard drive.
Hope that helps
-- spinner
EDIT:
posters: make the posters in a photoshop program or whatever you have. Make one
exactly the way you want it, take it to KINKOS. By the way, it took me a little while to acquire all this stuff, but I have it now....I almost forgot: a friend gave me a mic stand that he used to use in his band, clip my shotgun mic to it and I have a makeshift 'no-hands' boom.