Raghuveer - I don't think the platform matters much, but maybe someone with past experience could chime in. In my opinion, crowdfunding is going to be hyperlocal. I do not foresee getting funding from anyone outside my local community. The main advantages I see to using crowdfunding platform is that it formalizes the funding and potentially adds word-of-mouth for the space. I believe I could get 6-10 people commit to the space, but by crowdfunding I can offer a variety of "deals", work to secure longer commitments, and start the business with cash, which would ease some anxiety. At the end of the day, I am looking to get the community pumped about the space so we can hit the ground running!
Eric On Tuesday, May 19, 2015 at 3:23:47 AM UTC-4, Raghuveer Kovuru wrote: > > Great work Eric! Wish that your campaign succeeds! I had a similar > question related to crowdfunding my space here in Hyderabad, India and it > goes out to everyone : How important is localization of a campaign? For eg: > Can I raise funds on a global platform like Kickstarter or Indiegogo > (considering I collect more money in terms of exchange rate) or should I > stick to a local platform which helps me connect with the emotional strings > of people in India. Again, as far as my community is concerned, I am sure > they would support me irrespective of the geography but the remaining crowd > also matter a lot. What are you views on this? > > Chee > > On Tuesday, 12 May 2015 21:29:43 UTC+5:30, Eric Lituchy wrote: >> >> I am new to the Cowork world and find this group to be an amazing >> resource. Thanks in advance! >> >> In July, I am opening a coworking space on Long Island. I am currently >> working on building the community and already have 6 people onboard. I >> thought of raising some capital from friends and family, but started to >> think that crowdfunding (Indiegogo, Plumfund, etc.) might be a better >> option. Capital will be used for rent, furniture, technology, etc. >> >> My questions: >> >> 1. Does crowdfunding make sense as a way to fund a startup coworking >> space? My primary goal of the crowdfunding would be to get new >> members to invest in our community. >> 2. I expect to offer membership deals(ex. Contribute $1000 and get >> 3-months of cowork space), "Hardship" contributions to give out-of-work >> individuals free coworking space and media/press mentions for larger >> contributions. Any thoughts on this? Other ideas? >> 3. Any potential pitfalls of going the crowdsourced route? >> >> Any additional advice is sincerely appreciated. >> >> Thank, Eric >> Long Island Cowork (Finaly name TBD) >> > -- 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/d/optout.
