Re: [Coworking] Re: Fundraising ideas needed
Thank you so much. I will look at both of those sites. Brinda Sent from my iPhone > On Nov 12, 2018, at 1:17 AM, Paul Henckel wrote: > > Some few ideas of the top of my head. > > Crowdfunding > https://www.patreon.com/ > https://pioneer.app > > Maybe also get in touch with someone at Springdale General to hear about how > their journey was. Maybe they also had a fundraising round. > > >> On Saturday, 10 November 2018 13:11:31 UTC+1, discoveryourpurpose8 With >> Brinda Devine wrote: >> So this is where I am. After receiving some great advice from a few people I >> have been working on gathering info on users like me that would be my >> customer base. Because I am a real estate broker I am always looking at >> property. I came across a 3500 sf historical house not far from where I live >> on a great intersection, priced under market and would be the first of its >> kind in the city. The interior looks great and is suitable for my intended >> use. I can get the mortgage loan. The problem is going to be getting the >> start up money for some exterior repairs, modest furniture and equipment. My >> niche/customer base is social enterprises. Trying to figure out ways I could >> raise the capital. I won’t be able to borrow any more money and I will be >> for-profit entity. Looking for low cost/no cost/ no family/ no friends >> options. Possibly organizations or foundations. Or even ideas to offer >> pre-paid rental of conference/meeting/event space. Open to suggestions. > > -- > 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. -- 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.
[Coworking] Re: Fundraising ideas needed
Some few ideas of the top of my head. Crowdfunding - https://www.patreon.com/ - https://pioneer.app Maybe also get in touch with someone at Springdale General to hear about how their journey was. Maybe they also had a fundraising round. On Saturday, 10 November 2018 13:11:31 UTC+1, discoveryourpurpose8 With Brinda Devine wrote: > > So this is where I am. After receiving some great advice from a few people > I have been working on gathering info on users like me that would be my > customer base. Because I am a real estate broker I am always looking at > property. I came across a 3500 sf historical house not far from where I > live on a great intersection, priced under market and would be the first of > its kind in the city. The interior looks great and is suitable for my > intended use. I can get the mortgage loan. The problem is going to be > getting the start up money for some exterior repairs, modest furniture and > equipment. My niche/customer base is social enterprises. Trying to figure > out ways I could raise the capital. I won’t be able to borrow any more > money and I will be for-profit entity. Looking for low cost/no cost/ no > family/ no friends options. Possibly organizations or foundations. Or > even ideas to offer pre-paid rental of conference/meeting/event space. Open > to suggestions. -- 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.
[Coworking] Re: Fundraising
I am interested in working with you for architectural & design needs for your space, collaborate with procuring affordable material as well as furthering the model. On Tuesday, May 1, 2018 at 6:01:55 PM UTC-4, imfor...@gmail.com wrote: > > I'm opening a coworking space and AirBNB in a depressed area of St Louis. > There will be a community /event space that will be donated to the > neighborhood association for community meetings and events.The bldg needs > to be totally rehabbed. I'm looking for investors , designers architects, > contractors available to offer some in kind services and/or fundraising > ideas to move this project forward. My goal is to not be over extended in > debt. Any resources that you are familiar would be great! -- 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.
Re: [Coworking] Re: Fundraising
Greetings, Thank you s much for this information! I will definitely work on making those connections and visits! I will check to see if you are on Facebook. If so, please look for a friend request from me so we can stay connected. *All the Best,* *By Hand, Heart and EyeA Servant of the Community* *[image: Picture]**"Fātimāh" * *G. Fatimah Muhammad**Grassroots Community Organizer* *314-833-9913* On Mon, May 7, 2018 at 12:45 PM, Ashley Jemes wrote: > Hi there, > > As a former resident of St. Louis, I'm very excited to hear about your > project and I wish you lots of success! > > I don't know of any particular resources for fundraising alone (except for > Sloup if it's still around!), but a couple people in St. Louis who might > have advice or be able to point you in the right direction: Eric Hamblett > and Christopher Holt, the cofounders of TechArtista in CWE. Kaveh Razani, > the founder/owner of Blank Space and 2720 Cherokee. You might also attend > the Venture Cafe Gathering (I think on Thursday evenings) at CIC to meet > other entrepreneurs or potential backers. > > Good Luck! > > -- > 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. > -- 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.
[Coworking] Re: Fundraising
Hi there, As a former resident of St. Louis, I'm very excited to hear about your project and I wish you lots of success! I don't know of any particular resources for fundraising alone (except for Sloup if it's still around!), but a couple people in St. Louis who might have advice or be able to point you in the right direction: Eric Hamblett and Christopher Holt, the cofounders of TechArtista in CWE. Kaveh Razani, the founder/owner of Blank Space and 2720 Cherokee. You might also attend the Venture Cafe Gathering (I think on Thursday evenings) at CIC to meet other entrepreneurs or potential backers. Good Luck! -- 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.
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
> *- Is a small CoWorking space really able to deliver the flexibility > needed? > * Ultimately, it's about the true needs of the people who will populate the community. Our small space (about 1,200 square feet) has enough of what people need to make it work. It'd be great to have more room for a more diverse environment and more features, but what we have now works well enough. > * - If you grow you need to move, which could be very bad for the > CoWorking space? > * Better to expand when it's needed than to go out of business trying to pursue a larger space that will take a long time to fill. We're looking at new spaces now and there are options inside our building and in our neighborhood, so the move wouldn't be bad at all. If we had to move a significant distance, yes, it could be an issue-- but coworkers tend to be flexible, highly mobile folks anyway > *If someone wants a table in a small shared office there are many > offers available. But for me CoWorking is much more, e.g. the > flexibility to need one desk today and three tomorrow. So if you start > with less then 10 desks available the fear is you end up as a simple > shared office without the flexibilitx and dynamic needed. > > How did you solve that problem?* We've actually experienced the opposite effect-- by being small, we had to turn away teams of 3,4,5,6 people in favor of individuals and two man teams-- which allowed the space to be much more social and integrated than if we had segregated teams of people. We also offer very flexible options, including drop-in and part-time, which was nearly impossible to find elsewhere, so it attracted people looking for that level of flexibility simply by offering it. Whether the space becomes a healthy community coworking space or a simple shared office arrangement depends a lot more on the culture that gets cultivated in the space than the space itself. I've seen it work in living rooms, cafes, workspaces, and places I can't even really put a label on. Might there be some interim options out there that are more easily and immediately achievable? > > > Dennis > > > > --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Mike, thank you for your feedback. Many CoWorking spaces I know work the way I described or similar. They are for example constructed as cooperative societies. Which seems to work not bad. Thank you for your feedback. I really appreciate everything from all of you! Dennis --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Dennis: I've been following this dialog for what feels like a while. I think all the suggestions that have been made to you have been spot-on and are worthy of serious consideration. Two that I'd like to add are: 1.) It's easy to create a list of expenditures and to write checks. It's much harder to be creative about finding ways not to spend the money but instead get the things you need via donation, barter, prepaid fees, etc. In my experience the people who are most successful are the ones who master the latter ability. 2.) Do you have any idea what a nightmare you will create for yourself if you have 50 equity partners, especially if the partners may somehow (want to) be involved in the decisions of an operating entity?!? You'll have all the headaches and none of the rewards of dealing with 50 different opinions all of which you'll have a fiduciary responsibility to address. Better to have 50 customers who pay 3 to 6 months in advance to enable you to make something happen that, without your effort and their money, you wouldn't be able to make happen *for them*. I hope this helps. -Mike Schinkel Ignition Alley Atlanta Coworking http://ignitionalley.com On Oct 19, 2009, at 9:05 AM, Jörg Dennis Krüger wrote: > > Tony, > > of course I thought about this approach as well. But there where many > critics on this when we discussed this his. > > - Is a small CoWorking space really able to deliver the flexibility > needed? > - If you grow you need to move, which could be very bad for the > CoWorking space? > > If someone wants a table in a small shared office there are many > offers available. But for me CoWorking is much more, e.g. the > flexibility to need one desk today and three tomorrow. So if you start > with less then 10 desks available the fear is you end up as a simple > shared office without the flexibilitx and dynamic needed. > > How did you solve that problem? > > Dennis > > > --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Tony, of course I thought about this approach as well. But there where many critics on this when we discussed this his. - Is a small CoWorking space really able to deliver the flexibility needed? - If you grow you need to move, which could be very bad for the CoWorking space? If someone wants a table in a small shared office there are many offers available. But for me CoWorking is much more, e.g. the flexibility to need one desk today and three tomorrow. So if you start with less then 10 desks available the fear is you end up as a simple shared office without the flexibilitx and dynamic needed. How did you solve that problem? Dennis --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Dennis et al, I encountered very similar scenarios when planning a coworking space in NYC. Large dollar amounts, lots of risk, and the need for a lot of small investors (or a few large ones). I spent a lot of time trying to figure out how to make it work at that level, and encountered a lot of challenges. So many, in fact, that it became increasingly clear that my approach was wrong-- I was trying to bite off more than I could chew. So we found a startup that had a lovely space and was looking for a subletter. It was smaller than what we were aiming for, but that small size and the friendly arrangement let us start up the space with an extremely small investment and get to profitability almost immediately. So for your situation, I'd suggest that you consider your intentions. If you are committed to this concept and seek to build a healthy, sustainable community, it may take different forms at first, and it may likely make sense to establish something smaller to start. To get to the point where 50 people are truly committed to a common cause, you have to start with 1. Then 5. Then 10. These people will help better define the cause that you share, so that others may better identify with it. There's another benefit to this approach: frequent successes. By setting small, achievable interim goals, you can benefit from the satisfaction of succeeding along the way, reinforcing your confidence in woking toward the bigger goal. What do you think? Tony Bacigalupo New Work City On Oct 18, 2009, at 5:58 PM, Jörg Dennis Krüger wrote: > > Steven, > > of course you can put some of the sums into operational expenses - > which makes no difference because you need 3-6 month of operational > expenses in cash when you open (IMHO). > > Dennis > > > --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Steven, of course you can put some of the sums into operational expenses - which makes no difference because you need 3-6 month of operational expenses in cash when you open (IMHO). Dennis --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
> It includes: > > * Rent deposit (~7.500 Euro) This is the norm in Germany (In NZ the deposit is the first month rent). > * Rent for the first six month (~18.750 Euro) This is OpEx. I agree it should be costed it is not a startup cost. > * Renovation (~5.000 Euro] This depends on the space I guess but seems ok. > * Furniture [~12.000 Euro) Wow that seems huge. I fitted out my space 15 months ago with 15 new really nice desks and meeting room tables for about $5k NZ (2500 Euro). What are you planning to buy? > * Electric devices (Coffee, Printer etc.) (~ 3.000 Euro) > * Operations (Cleaning, Phone, Internet etc.) for the first > month/weeks (~2.000 Euro) This is OpEx not startup cost. > * Marketing (~2.000 Euro) This is OpEx not startup cost. So my quick review has you need about 20k Euro to setup. The rest should be funded out of income. >> It is really easy to spend other peoples money. What is the pay back >> for something investing this money? > > Of course it makes no sense to acquire outside investors. As stated in > the blog article this investors/partners are a great chance to extend > the network etc. Of course I will be one of these partners! > >> Also what are these 50 'partner' are they people interested in using >> the coworking space? > > We do not know the partners, yet. But yes, they should be havily > interested in using a CoWorking space. Additionally I think we could > generate some dividend (say 5%). I read that you already have 50 interested people. >> Also what are the employee costs for as if you have 50 'partners' you >> can share the load among them for day to day things. > > Every "partner" has its own business. I do not think it's possible to > run the space by this partners. That is an opportunity for the start. > But after some time the space must run by itself without having the > partners invest more and more (time and/or money) in it! You will be surprised on what people will do if you ask them and they are involved in the process. >> If you have 50 possible members I think this is your angle. These are >> your cadre to start with and you should work with them on whats needed >> as opposed to wanted and what fees they are willing to pay. > > That is catch-22... just talking about a space it not enough. We need > a way to get it running - and this requires money. The calculation I > did is one of the cheapest way we can do it! It makes no sense to talk > about possible business modells if there is no money to build the > space. In turn it makes no sense to talk about the cost if you don't have the model! I suggest get all the people that have shown interest and ask 1, what do they need in the office, 2, how much will they pay, 3, assume half join up in the first 3 months, 4, use them for your OpEx numbers to see if you can pay rent. If you cant you either bootstrap it or you start the process again and increase members, increase fees, reduce costs or mixture of all of them. Take care -- Steven Heath Director, Foxbane Consulting Founder, AltSpace Cell: +64 21 706-067 www.foxbane.co.nz Level 22 Plimmer Towers 2 Gilmer Terrace Wellington AltSpace.co.nz - Shared office space in Wellington for home based workers, freelancers, or nimble companies --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Hi Alex, > Among the other themes, one of the most important is: spend money like you > don't have any. Yeah. That is always good and the way we will do it. But we need some investment to get things running... I found no way to have it (much) cheaper than I calculated. Of course there is a chance that when we find so much partners there are some new connections to cheaper space to rent etc. But this chance is not big. The usual price for office space is much more than the 10 Euros/m² in my calculation. :-( And: I belive we have much more chance to have sustained success when we have this many partners, because of the networks, connections, ideas, helping hands etc. we get here. This partners will have a strong desire that everything works because they put some money in it... But: What could be alternate ways to get the needed money? Dennis --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Hi Steven, > 50k Euro on what? a basic calculation can be found at the CoWorking Munich weblog (in German). http://coworking-munich.de/2009.10.18-coworking-in-muenchen-jetzt/ It includes: * Rent deposit (~7.500 Euro) * Rent for the first six month (~18.750 Euro) * Renovation (~5.000 Euro] * Furniture [~12.000 Euro) * Electric devices (Coffee, Printer etc.) (~ 3.000 Euro) * Operations (Cleaning, Phone, Internet etc.) for the first month/weeks (~2.000 Euro) * Marketing (~2.000 Euro) > It is really easy to spend other peoples money. What is the pay back > for something investing this money? Of course it makes no sense to acquire outside investors. As stated in the blog article this investors/partners are a great chance to extend the network etc. Of course I will be one of these partners! > Also what are these 50 'partner' are they people interested in using > the coworking space? We do not know the partners, yet. But yes, they should be havily interested in using a CoWorking space. Additionally I think we could generate some dividend (say 5%). > Also what are the employee costs for as if you have 50 'partners' you > can share the load among them for day to day things. Every "partner" has its own business. I do not think it's possible to run the space by this partners. That is an opportunity for the start. But after some time the space must run by itself without having the partners invest more and more (time and/or money) in it! > If you have 50 possible members I think this is your angle. These are > your cadre to start with and you should work with them on whats needed > as opposed to wanted and what fees they are willing to pay. That is catch-22... just talking about a space it not enough. We need a way to get it running - and this requires money. The calculation I did is one of the cheapest way we can do it! It makes no sense to talk about possible business modells if there is no money to build the space. Dennis --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
Great questions/comments from Steven. I've got a post about the long term implications that I've seen from other spaces that took on debt the way you are describing. http://www.dangerouslyawesome.com/2009/08/20/rip-workspace-the-hard-discussion/ Among the other themes, one of the most important is: spend money like you don't have any. -Alex -- - -- - Alex Hillman im always developing something digital: a...@weknowhtml.com helpful: www.unstick.me visual: www.dangerouslyawesome.com local: www.indyhall.org On Sun, Oct 18, 2009 at 4:48 PM, Steven Heath wrote: > > > We calculated that as an initial investment we need minimum 50.000 > > Euros for creating the CoWorking space (and having some money to run > > it for a few month). This excludes any employees for the space and > > includes not much investment for refurbishment etc. > > > > Now the idea is to find some persons who all together invest this > > 50.000 Euros by founding a corporation which will create and run the > > space. Of course this has the disadvantage that it is a hard job to > > coordinate 50 partners... > > 50k Euro on what? > > It is really easy to spend other peoples money. What is the pay back > for something investing this money? > > Also what are these 50 'partner' are they people interested in using > the coworking space? > > Also what are the employee costs for as if you have 50 'partners' you > can share the load among them for day to day things. > > If you have 50 possible members I think this is your angle. These are > your cadre to start with and you should work with them on whats needed > as opposed to wanted and what fees they are willing to pay. > > From that approach you can work out if you need to spend 50k and what > your ops costs will be. > > -- > Steven Heath > Director, Foxbane Consulting > Founder, AltSpace > Cell: +64 21 706-067 > www.foxbane.co.nz > Level 22 > Plimmer Towers > 2 Gilmer Terrace > Wellington > > AltSpace.co.nz - Shared office space in Wellington for home based > workers, freelancers, or nimble companies > > > > --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
[Coworking] Re: Fundraising for CoWorking Space in Munich, Germany
> We calculated that as an initial investment we need minimum 50.000 > Euros for creating the CoWorking space (and having some money to run > it for a few month). This excludes any employees for the space and > includes not much investment for refurbishment etc. > > Now the idea is to find some persons who all together invest this > 50.000 Euros by founding a corporation which will create and run the > space. Of course this has the disadvantage that it is a hard job to > coordinate 50 partners... 50k Euro on what? It is really easy to spend other peoples money. What is the pay back for something investing this money? Also what are these 50 'partner' are they people interested in using the coworking space? Also what are the employee costs for as if you have 50 'partners' you can share the load among them for day to day things. If you have 50 possible members I think this is your angle. These are your cadre to start with and you should work with them on whats needed as opposed to wanted and what fees they are willing to pay. >From that approach you can work out if you need to spend 50k and what your ops costs will be. -- Steven Heath Director, Foxbane Consulting Founder, AltSpace Cell: +64 21 706-067 www.foxbane.co.nz Level 22 Plimmer Towers 2 Gilmer Terrace Wellington AltSpace.co.nz - Shared office space in Wellington for home based workers, freelancers, or nimble companies --~--~-~--~~~---~--~~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to coworking+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~--~~~~--~~--~--~---
