Get idea.  One thing would be to get pro bono law firm to draw up standardized 
legal agreements to lower costs?
(not sure how that would work across jurisdictions.)

-Mike

On Dec 14, 2009, at 4:24 PM, BrianR wrote:

> From a search of our list archives I see the word 'crowdfunding' was
> mentioned once about three years ago. So I'd like to take this
> opportunity to bring it back up.
> 
> As coworking spaces open and grow we'll need more and more capital.
> There are lots of ways to raise it. To keep the real sense of
> community embedded in coworking we must engage more people in
> ownership opportunities.
> 
> My business is planning on growing. I can do this lots of ways. I'd
> like for it to be done with my greater community. So lets figure it
> out here. For the benefit of everyone. I hope this thread will be like
> a workshop.
> 
> INSPIRATIONS
> http://www.kickstarter.com/
> 
> IDEAS
> What if you need to raise $100,000 USD? If you offer lifetime
> memberships to your coworking space for $500 you'll need 200 sales.
> 
> What kind of services do coworkers get for a lifetime membership?
> 
> What if you raise seed capital to guarantee a loan? Can initial
> capital just be used to raise more money?
> 
> LEGAL
> Can you give 200 coworker members/investors real equity in your
> company? What are the challenges in doing this?
> 
> FINANCIAL
> What is the overhead of raising money? Online transaction fees? Legal
> fees?
> 
> STEPS
> 1) Organize concept, legal, website, etc
> 2) Publicize membership/investment offering
> 3) Accept funds
> 4) 1st Deadline - End of fundraising
> 5) 2nd Deadline - When money must be used for stated purpose (ex.
> Launching space)
> 
> 
> Please edit these steps, answer questions, and add to the process.
> Lets crowdsource this crowdfunding HowTo.
> 
> -BrianR
> 
> Carrboro Creative Coworking
> www.carrborocoworking.com
> 
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