Original Columbia

How did Martin Scorsese finance his early films?
Especially concerning Taxi Driver. It was distributed by Columbia but I can’t find information to connect Columbia to the original production. Any help would be SO appreciated! I’m sure the film buffs out there won’t have a problem finding this one.
It was an independent production by Julia Phillips and Michael Phillips, who won the Best Picture Oscar for The Sting a few years earlier. Taxi Driver won the Palme d’Or at Cannes and Columbia Pictures bought the distribution rights..
Steve Perlman at Columbia Engineering School June 4, 2011
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