Re: [Coworking] Coworking Equity Investor Contract Template

[Jerome Chang]

I'm not aware that term sheets have any contractual nature except a guideline 
like an LOI. Just list the terms in a single sheet to make it easy. Literally 
like a set of bullet points if you even want. 

Jerome

> On Feb 25, 2016, at 9:25 AM, JJ Englert  wrote:
> 
> Hey Tony and Jerome,
> 
> Yes, the deals have been made with my investors and everyone knows who is 
> getting what. Now, I am just looking for a contract template similar to a 
> term sheet that is specific to coworking so my lawyer can have a head start, 
> and I can save on some legal fees. So far my searches on the Internet haven't 
> turned up much. 
> 
> Thanks!
> 
>> On Thursday, February 25, 2016 at 6:00:07 AM UTC-8, Tony Bacigalupo wrote:
>> JJ, echoing what Jerome was saying, have you come to plain-language terms on 
>> these sorts of things already, and you're just looking for the proper 
>> legalese to frame around it?
>> 
>> Welcome!
>> 
>> Tony
>> ---
>> Projects: New Work Cities • Open Coworking • Cotivation
>> eBook:No More Sink Full of Mugs
>> Connect:  Personal site • Twitter • Facebook
>> New: Preorder the Ultimate Coworking Toolkit
>> 
>>> On Wed, Feb 24, 2016 at 3:19 PM, Jerome Chang  
>>> wrote:
>>> Hi. Thanks!
>>> 
>>> Term sheets and OA’s are all over the place. I would recommend searching 
>>> online for some examples. More importantly, in my opinion, is your 
>>> agreement/discussion with an investor. The docs just support the verbal 
>>> agreements.
>>> 
>>> In other words, you have to figure out what equity and how you’re going to 
>>> give that away.
>>> 
>>> J
>>> 
 On Feb 24, 2016, at 9:14 AM, JJ Englert  wrote:
 
 Hey Jerome,
 
 I really appreciate the response. Term sheets and operating agreements 
 would work. I'm basically trying to give my lawyer the best starting point 
 to minimize the expenses i'll be paying out of pocket until the contracts 
 are signed and I receive my investments for the business.
 
 Thanks for your time and congrats on the expansion!
 
 JJ
 
> On Tuesday, February 23, 2016 at 4:57:34 PM UTC-8, Jerome wrote:
> Hi JJ. Welcome to our community! I’m in LA and have raised $ from 
> investors. I don’t know anything about an equity investors contract, but 
> I do know about term sheets and operating agreements. Is that what you 
> were intending? If so, they’re pretty available online, and can be as 
> simple or complicated as you want.
> 
> JEROME CHANG
> 
> CENTRAL: Mid-Wilshire
> 5405 Wilshire Blvd (2 blocks west of La Brea) | ph: (323) 330-9505
> 
> 
> EAST: Downtown
> 529 S. Broadway, Suite 4000 (@Pershing Square) | ph: (213) 550-2235
> 
> NORTH: Hollywood (Opening 2016 Q2!)
> 6600 Sunset Blvd. (@Vine)
> 
> NORTHEAST: Pasadena (Opening 2016 Q2!)
> 600 E. Colorado Blvd. (@Los Robles)
> 
> 
>> On Feb 23, 2016, at 3:05 PM, JJ Englert  wrote:
>> 
>> Hello,
>> 
>> This is my first time posting here. I am launching a coworking space in 
>> Los Angeles, and like all of my other entrepreneurs out there, finances 
>> are very limited. Therefore, in the hopes of saving some legal expenses, 
>> I'm hoping someone out there is kind enough to share a copy of their 
>> equity investors contract with me so my lawyer can have a good starting 
>> point and adjust as needed to fit our business model.
>> 
>> You can email it to me at jeffr...@gmail.com
>> 
>> Thanks in advance!
>> 
>> JJ
>> 
>> -- 
>> Visit this forum on the web at http://discuss.coworking.com
>> --- 
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>> Groups "Coworking" group.
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>> an email to coworking+...@googlegroups.com.
>> For more options, visit https://groups.google.com/d/optout.
 
 
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>>> 
>>> -- 
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> 
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Re: [Coworking] Explaining what a CoWorking space is

[Alex Hillman]

Got it!

So - it's a real challenge to tell people what something is that they've
never seen before. When you lead by talking about shared space, no matter
how much you talk about community people are going to think about what they
know related to offices. It's like that thing where I tell you DONT THINK
OF A PINK ELEPHANT and you can't help think of a pink elephant :)

Even in 2016, most people in most places have never heard of Coworking:
http://dangerouslyawesome.com/2014/10/what-to-do-when-people-dont-understand-coworking/
Meanwhile, before you have a community, it's hard to point to a community
that's GOING to exist...because it doesn't exist yet.

So the best starting point is to talk about the problem.

The question you need to ask is, when people can work from anywhere, why
wouldn't they just work from home in their underwear for free?

The answer, of course, is loneliness. Feeling isolated and disconnected.

Describing what a Coworking space IS is kind of like describing what a
restaurant is to someone whose never seen one. Why would I pay for someone
else to make me a meal when I have a kitchen at home?

So talk about what it's like to be lonely and isolated. Tell your own
story. Learn other peoples' stories and tell theirs or encourage them to
tell them on their own. In every interaction, find ways to highlight that
loneliness, and then remind people that the easiest way to fix that is to
come together.

And then help make it easy for THOSE people to come together. Do that
before you start looking for space. Go to events together. Host your own
events together. Work together. Play together.

And then when people realize that being together is SO MUCH BETTER than
being alone...a membership to a place where they can come together anytime
they want starts to make a lot more sense.

But understanding who these people are, and how they feel isolated, is
really the key to starting the right conversations.

Good luck - give it a try and let us know how it goes :)

-Alex

On Friday, February 26, 2016, Ehmandah R.  wrote:

> Hi Alex!
>
> I've explained it as a shared space.  Freelancers and or entrepreneurs
> working together yet independently...a community.  I think most people
> think of it as a place to rent offices.
>
> On Thursday, February 25, 2016 at 4:06:27 PM UTC-8, Alex Hillman wrote:
>>
>> How are you explaining it now so we can guide you in the right direction?
>> :)
>>
>> -Alex
>>
>> On Friday, February 26, 2016, Ehmandah R.  wrote:
>>
>>> Need help friends.  I'm having a bit of time explaining what a CoWorking
>>> space is.  People aren't grabbing the concept.
>>>
>>> --
>>> 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 coworking+unsubscr...@googlegroups.com.
>>> For more options, visit https://groups.google.com/d/optout.
>>>
>>
>>
>> --
>> --
>> The #1 mistake in community building is doing it by yourself.
>> Join the list: http://coworkingweekly.com
>> Listen to the podcast: http://dangerouslyawesome.com/podcast
>>
> --
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> .
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>


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Re: [Coworking] Explaining what a CoWorking space is

[Ehmandah R.]

Hi Alex!

I've explained it as a shared space.  Freelancers and or entrepreneurs 
working together yet independently...a community.  I think most people 
think of it as a place to rent offices.  

On Thursday, February 25, 2016 at 4:06:27 PM UTC-8, Alex Hillman wrote:
>
> How are you explaining it now so we can guide you in the right direction? 
> :)
>
> -Alex
>
> On Friday, February 26, 2016, Ehmandah R.  
> wrote:
>
>> Need help friends.  I'm having a bit of time explaining what a CoWorking 
>> space is.  People aren't grabbing the concept.
>>
>> --
>> 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 coworking+unsubscr...@googlegroups.com.
>> For more options, visit https://groups.google.com/d/optout.
>>
>
>
> -- 
> --
> The #1 mistake in community building is doing it by yourself.
> Join the list: http://coworkingweekly.com
> Listen to the podcast: http://dangerouslyawesome.com/podcast
>

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Re: [Coworking] Explaining what a CoWorking space is

[Ehmandah R.]

Hi Tony!

Some entrepreneurs and freelancers.  Most are thinking about the concept 
renting offices in a building or cubicles.  I just want to give some of my 
colleagues a clearer understanding.  

Thanks for the response.  

On Thursday, February 25, 2016 at 11:47:59 AM UTC-8, Tony Bacigalupo wrote:
>
> Howdy Ehmandah! 
>
> What kinds of folks are you talking to about it? What is it about the 
> concept that they're not understanding? And why is it important to you to 
> get them to understand it?
>
> Pending those answers: I'd wonder how you might be able to tune into the 
> kind of shared language these people do have, and use that to tune into how 
> you can talk to them using that language.
>
> Tony
> *---*
> *Projects: New Work Cities  • Open Coworking 
>  • Cotivation *
> *eBook:No More Sink Full of Mugs *
> *Connect:  Personal site  • Twitter 
>  • Facebook 
> *
> *New: Preorder the Ultimate Coworking Toolkit 
> *
>
>
> On Thu, Feb 25, 2016 at 12:40 PM, Ehmandah R.  > wrote:
>
>> Need help friends.  I'm having a bit of time explaining what a CoWorking 
>> space is.  People aren't grabbing the concept.
>>
>> --
>> 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 coworking+...@googlegroups.com .
>> For more options, visit https://groups.google.com/d/optout.
>>
>
>

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Re: [Coworking] Explaining what a CoWorking space is

[Alex Hillman]

How are you explaining it now so we can guide you in the right direction? :)

-Alex

On Friday, February 26, 2016, Ehmandah R.  wrote:

> Need help friends.  I'm having a bit of time explaining what a CoWorking
> space is.  People aren't grabbing the concept.
>
> --
> 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 coworking+unsubscr...@googlegroups.com .
> For more options, visit https://groups.google.com/d/optout.
>


-- 
--
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Join the list: http://coworkingweekly.com
Listen to the podcast: http://dangerouslyawesome.com/podcast

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Re: [Coworking] Coworking Equity Investor Contract Template

[JJ Englert]

Hey Tony and Jerome,

Yes, the deals have been made with my investors and everyone knows who is 
getting what. Now, I am just looking for a contract template similar to a 
term sheet that is specific to coworking so my lawyer can have a head 
start, and I can save on some legal fees. So far my searches on the 
Internet haven't turned up much. 

Thanks!

On Thursday, February 25, 2016 at 6:00:07 AM UTC-8, Tony Bacigalupo wrote:
>
> JJ, echoing what Jerome was saying, have you come to plain-language terms 
> on these sorts of things already, and you're just looking for the proper 
> legalese to frame around it?
>
> Welcome!
>
> Tony
> *---*
> *Projects: New Work Cities  • Open Coworking 
>  • Cotivation *
> *eBook:No More Sink Full of Mugs *
> *Connect:  Personal site  • Twitter 
>  • Facebook 
> *
> *New: Preorder the Ultimate Coworking Toolkit 
> *
>
> On Wed, Feb 24, 2016 at 3:19 PM, Jerome Chang  > wrote:
>
>> Hi. Thanks!
>>
>> Term sheets and OA’s are all over the place. I would recommend searching 
>> online for some examples. More importantly, in my opinion, is your 
>> agreement/discussion with an investor. The docs just support the verbal 
>> agreements.
>>
>> In other words, you have to figure out what equity and how you’re going 
>> to give that away.
>>
>> J
>>
>> On Feb 24, 2016, at 9:14 AM, JJ Englert  
>> wrote:
>>
>> Hey Jerome,
>>
>> I really appreciate the response. Term sheets and operating agreements 
>> would work. I'm basically trying to give my lawyer the best starting point 
>> to minimize the expenses i'll be paying out of pocket until the contracts 
>> are signed and I receive my investments for the business.
>>
>> Thanks for your time and congrats on the expansion!
>>
>> JJ
>>
>> On Tuesday, February 23, 2016 at 4:57:34 PM UTC-8, Jerome wrote:
>>>
>>> Hi JJ. Welcome to our community! I’m in LA and have raised $ from 
>>> investors. I don’t know anything about an equity investors contract, but I 
>>> do know about term sheets and operating agreements. Is that what you were 
>>> intending? If so, they’re pretty available online, and can be as simple or 
>>> complicated as you want.
>>>
>>>
>>> *JEROME CHANG*
>>>
>>> *CENTRAL: Mid-Wilshire*
>>> 5405 Wilshire Blvd (2 blocks west of La Brea) | ph: (323) 330-9505
>>>
>>> *EAST: Downtown*
>>> 529 S. Broadway, Suite 4000 (@Pershing Square) | ph: (213) 550-2235
>>>
>>>
>>> *NORTH: Hollywood (Opening 2016 Q2!)6600 Sunset Blvd. (@Vine)*
>>>
>>>
>>> *NORTHEAST: Pasadena (Opening 2016 Q2!)600 E. Colorado Blvd. (@Los 
>>> Robles)*
>>>
>>> On Feb 23, 2016, at 3:05 PM, JJ Englert  wrote:
>>>
>>> Hello,
>>>
>>> This is my first time posting here. I am launching a coworking space in 
>>> Los Angeles, and like all of my other entrepreneurs out there, finances are 
>>> very limited. Therefore, in the hopes of saving some legal expenses, I'm 
>>> hoping someone out there is kind enough to share a copy of their equity 
>>> investors contract with me so my lawyer can have a good starting point and 
>>> adjust as needed to fit our business model.
>>>
>>> You can email it to me at jeffr...@gmail.com
>>>
>>> Thanks in advance!
>>>
>>> JJ
>>>
>>> -- 
>>> 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 coworking+...@googlegroups.com.
>>> For more options, visit https://groups.google.com/d/optout.
>>>
>>>
>>>
>> -- 
>> Visit this forum on the web at http://discuss.coworking.com
>> --- 
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>>
>>
>> -- 
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>>
>
>

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Re: [Coworking] Explaining what a CoWorking space is

[Tony Bacigalupo]

Howdy Ehmandah!

What kinds of folks are you talking to about it? What is it about the
concept that they're not understanding? And why is it important to you to
get them to understand it?

Pending those answers: I'd wonder how you might be able to tune into the
kind of shared language these people do have, and use that to tune into how
you can talk to them using that language.

Tony
*---*
*Projects: New Work Cities  • Open Coworking
 • Cotivation *
*eBook:No More Sink Full of Mugs *
*Connect:  Personal site  • Twitter
 • Facebook
*
*New: Preorder the Ultimate Coworking Toolkit
*


On Thu, Feb 25, 2016 at 12:40 PM, Ehmandah R.  wrote:

> Need help friends.  I'm having a bit of time explaining what a CoWorking
> space is.  People aren't grabbing the concept.
>
> --
> Visit this forum on the web at http://discuss.coworking.com
> ---
> You received this message because you are subscribed to the Google Groups
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>

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[Coworking] Explaining what a CoWorking space is

[Ehmandah R.]

Need help friends.  I'm having a bit of time explaining what a CoWorking space 
is.  People aren't grabbing the concept. 

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Re: [Coworking] Curated Coworking for a smaller (1500 SF) location in Lakewood Ranch, FL?

[Keith Pandeloglou]

We're up and running on Nexusdus! Come check us out at CoworkLWR.com!

We've been tummling for the past couple months and are gaining traction. Next 
step is to engage our early partners in our space search and layout plans.

We couldn't have done it without the power of this group, and Alex especially 
you've been great. More updates to come!

-Keith

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Re: [Coworking] Gallery: The Factory 510, San Leandro CA launch

[Tony Bacigalupo]

Hoopers and an aerial show? Now this is a way to launch a space!

Thanks for sharing this, Andie! It's great to see another example of a
community that is so much more culturally rich than just a shared
workspace.

I'd love to hear more about how this all came to be, and any advice you
have to share on developing a space for what looks to be a great
participatory community.

And an extra +1 for repurposing an old factory in the process!

Tony
*---*
*Projects: New Work Cities  • Open Coworking
 • Cotivation *
*eBook:No More Sink Full of Mugs *
*Connect:  Personal site  • Twitter
 • Facebook
*
*New: Preorder the Ultimate Coworking Toolkit
*


On Tue, Feb 23, 2016 at 6:19 PM, Andie Grace  wrote:

> I'm pleased to share these shots of our launch party last Friday here in
> the East SF Bay, at The Factory 510, our new coworking space for art, tech
> startups, and makers!
>
> Gallery by John Curley
> 
>
> We also got our wire release picked up by Yahoo! Finance -- it's not yet
> the localized story I am hoping to generate, but it's a start!
> http://finance.yahoo.com/news/factory-510-breaks-ground-entrepreneurs-004017317.html
>
> Whe!
> Andie Grace
>
> --
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Re: [Coworking] Re: Rewards/Check-in System

[Tony Bacigalupo]

Sarah, what platforms do you currently use for your events?

Eventbrite has some pretty slick apps that make it easy to check people
into an event; I imagine that data can be exported and aggregated through a
little bit of magic.

Tony
*---*
*Projects: New Work Cities  • Open Coworking
 • Cotivation *
*eBook:No More Sink Full of Mugs *
*Connect:  Personal site  • Twitter
 • Facebook
*
*New: Preorder the Ultimate Coworking Toolkit
*


On Wed, Feb 24, 2016 at 1:04 PM, Sarah Bacerra  wrote:

> Thanks, everyone! Looking into all of these options. So great to have such
> useful feedback!
>
> On Wed, Feb 24, 2016 at 6:44 AM, Nate Heasley, Goodnik <
> nate.heas...@gmail.com> wrote:
>
>> I don't know if any of them fit your precise needs, but there are a
>> number of "loyalty card" startups like Perka, Belly and LocalBonus that
>> offer punch-card like apps. These are generally designed more for the local
>> sandwich/coffee shop ("get your 10th cup free!") but maybe they could be
>> used for your purpose as well.
>>
>> -Nate
>>
>>
>> On Thursday, January 28, 2016 at 2:31:52 PM UTC-5, Sarah Bacerra wrote:
>>>
>>> Hello, coworking aficionados!
>>>
>>> We hold a lot of weekly and monthly member events to boost business
>>> acumen and foster community. I am exploring ideas for an event
>>> check-in/rewards system to measure engagement in these events and have a
>>> reward system in place to encourage more members to attend (think Plenti
>>> card or something similar). It MUST be automated and simple for both the
>>> members to use and the space manager to manage (e.g. no paper sign-in
>>> sheets that have to manually be entered by someone). Is anyone doing this
>>> already? If so, what are you using and how is it working for you?
>>>
>>> Thanks for your feedback!
>>>
>>> -Sarah
>>>
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>
>
>
> --
>
>
> Sarah Bacerra | *Community Director *| Hera Hub | main: 855.Hera.Hub |
> fax: 877.437.7277
> sa...@herahub.com  | HeraHub.com
>  | Facebook.com/HeraHub
>  | Twitter.com/HeraHub
> 
> Location: Sorrento Valley
> 
>
> We're on a mission to support over 20,000 women in the launch and growth
> of their business by 2020.  Please help us by sharing HeraHubExpansion.com
> 
>
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Re: [Coworking] Coworking Equity Investor Contract Template

[Tony Bacigalupo]

JJ, echoing what Jerome was saying, have you come to plain-language terms
on these sorts of things already, and you're just looking for the proper
legalese to frame around it?

Welcome!

Tony
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On Wed, Feb 24, 2016 at 3:19 PM, Jerome Chang 
wrote:

> Hi. Thanks!
>
> Term sheets and OA’s are all over the place. I would recommend searching
> online for some examples. More importantly, in my opinion, is your
> agreement/discussion with an investor. The docs just support the verbal
> agreements.
>
> In other words, you have to figure out what equity and how you’re going to
> give that away.
>
> J
>
> On Feb 24, 2016, at 9:14 AM, JJ Englert  wrote:
>
> Hey Jerome,
>
> I really appreciate the response. Term sheets and operating agreements
> would work. I'm basically trying to give my lawyer the best starting point
> to minimize the expenses i'll be paying out of pocket until the contracts
> are signed and I receive my investments for the business.
>
> Thanks for your time and congrats on the expansion!
>
> JJ
>
> On Tuesday, February 23, 2016 at 4:57:34 PM UTC-8, Jerome wrote:
>>
>> Hi JJ. Welcome to our community! I’m in LA and have raised $ from
>> investors. I don’t know anything about an equity investors contract, but I
>> do know about term sheets and operating agreements. Is that what you were
>> intending? If so, they’re pretty available online, and can be as simple or
>> complicated as you want.
>>
>>
>> *JEROME CHANG*
>>
>> *CENTRAL: Mid-Wilshire*
>> 5405 Wilshire Blvd (2 blocks west of La Brea) | ph: (323) 330-9505
>>
>> *EAST: Downtown*
>> 529 S. Broadway, Suite 4000 (@Pershing Square) | ph: (213) 550-2235
>>
>>
>> *NORTH: Hollywood (Opening 2016 Q2!)6600 Sunset Blvd. (@Vine)*
>>
>>
>> *NORTHEAST: Pasadena (Opening 2016 Q2!)600 E. Colorado Blvd. (@Los
>> Robles)*
>>
>> On Feb 23, 2016, at 3:05 PM, JJ Englert  wrote:
>>
>> Hello,
>>
>> This is my first time posting here. I am launching a coworking space in
>> Los Angeles, and like all of my other entrepreneurs out there, finances are
>> very limited. Therefore, in the hopes of saving some legal expenses, I'm
>> hoping someone out there is kind enough to share a copy of their equity
>> investors contract with me so my lawyer can have a good starting point and
>> adjust as needed to fit our business model.
>>
>> You can email it to me at jeffr...@gmail.com
>>
>> Thanks in advance!
>>
>> JJ
>>
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>>
>>
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