A place for Documenting: Tips, Tricks, Tools, Systems, Methods related to Operating in the Agorist Second Realm of Meatspace and Cyberspace.
Drew Curtis of Fark wrote on gigaOM about the struggles in trying to find angel funding outside of the tech centers of NYC, SF or L.A. That article was the catalyst for this blog. A comment response to the post was something that struck me. The comment’s author wrote:
"we decided to approach would-be angel investors who didn’t think of themselves as angel investors. It worked."
I’ve not a clue as to what degree that this happens, but even with the reported angel bubble there are still many more ideas needing funding than there are angels willing to invest — leaving many potential markets unserved as the result.
Entrepreneurs unable to get early-stage seed funding who believe in their idea might still get to the next level if given a chance. Sometimes, all that’s needed is for the entrepreneur to be in an environment where living expenses are handled. The CEO of Flinc, a German startup shared their situation in a Network World article:
We live in an incubator at a university where we don’t pay any rent. Nobody has any salary. We’re a seven-person team right now. It’s extremely lean, there is no money spent.
So who might these individuals be who don’t currently consider themselves to be angels but do indeed have “seed capital” and might be willing to “invest” that capital in exchange for equity in a startup? How about the real estate owner whose “seed capital” (the rental property) sits empty and cannot find a renter?
Unless there’s a better name, Hacker Commune fairly accurately describes what this house could become. Is it just a matter of matching up the players?
Please let us know if you are (or know of):
- An entrepreneur looking for a Hacker Commune property
- A property owner interested in creating a Hacker Commune
- A freelancer or other type of skilled applicant willing to contribute (part time even) to a startup at a Hacker Commune in exchange for free or reduced room rent.