Hidden option C: you find a community in need, or start building your own.
:)

Without people, you're opening an empty room. Not only does that mean
eating costs for a while, it means that people are less likely to want to
join because it's an empty room and if they wanted an empty room they could
stay home or work from any other isolating location.

Not to mention that if you're considering crowdfunding, you've gotta have a
crowd to start with :)

NYC is particularly difficult with high rents and an already huge and
growing set of Coworking options. Who do you think isn't being served that
needs YOUR Coworking space, wherever it ends up being?

-Alex

P.s. This is probably my most popular blog post, and it talks more about
this quandary. You're FAR from alone in asking!
http://dangerouslyawesome.com/2011/09/how-to-fund-your-coworking-space/



On Wednesday, September 30, 2015, Daron Jenkins <[email protected]>
wrote:

> Ok..so I have never looked at real estate (outside of renting an
> apartment) so I have what possibly could be a dumb question.
>
> We're looking at real estate currently for a coworking space in NYC...Do
> you find the space/location first or do you find/raise the money first?
> Kind of a chicken or the egg question.
>
> My thoughts when I originally came up with this idea was to look at spaces
> that fit our need first to get an idea of how much $$$ we're needing to
> raise and to get an idea of what the sq footage looked like, THEN, raise
> the funding (crowdfunding, private raise, sponsors, etc.).
>
> Thoughts?
>
>
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