Hey team, I have been approached by three different investors in the last few weeks for new locations. Creative Density is looking at a second location and building up the new community for it in a simlar way to how we did it two years ago. It's very grass roots and will only happen if the community can be formed before the space opens. Once this process started to happen that's when investors started to show up.
I know several others have had similar experience so I am hoping I can have guidance about important questions to ask and possible structures. What I'm thinking: Business structure: Creative Density's current location remains my own domain. They don't get a chunk of that but they are investing in future locations with the new location being a new business entity. We will share access to my intellectual property but in case of a split I will retain control in a reasonable time frame of transition. How much money: They are looking to purchase the building and renovating it. I'm working on how much money they need to put in beyound that and how to split revenue and profits. Do they have a good personality match and complimentary skill set? I'm laying out my principals of what I want coworking to be and that profit is not the sole driving force. Yes, we want to make money but we also want this a platform and community that supports freelancers and remote workers as well as small teams. Private offices sell fast but they can not dominate the space and must be around only a third of the space. They do have a good skill set that compliments my own as an experience coworking space owner. Any advice would helpful. Craig -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
