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Funding Ideas

Page history last edited by Ian Korman 13 years, 3 months ago

Some of the funding ideas discussed are:

Sponsorship

  • and advertising?

Membership fees

  • possibly reduced for Thai members? (There are reasonable arguments both ways) Pricing.

Shop space

  • Selling space for small shops selling coffee, food etc. (I think this is an awesome idea and possibly a no brainier.)
  • Even beer etc.?

Paid Professional office space

  • Paid Professional office space for people to use during the day for their work. Meeting rooms to book. Possibly seen as premium space? again see Pricing.  

Paid Events

  • The space could be booked for paid events like the launch of a new product.
  • Maybe company sponsored parties or guest speaker talks.

Paid Regular Events

  • At the old hackerspace we had some regular events with a small fee for non-members (100 baht) though most session have been free to attend. This has a couple of advantages: It makes events seem more valuable so they might be better attended. It generates a small but steady revenue stream. It adds value to be a regular member cause you get all the events for free.

Crowdsourced Fundraising

HOW TO: Crowdsource Funds for Causes, Creativity and Startups

Sites
Comments
Kickstarter 
Here is an example of another hackerspace's posting that is almost exactly what we should do ASAP. Here is another example.
CrowdRise The Crowdrise site is a unique blend of crowdsourcing, social networking, incentives and other nice stuff. Each Crowdrise template gives everyday philanthropists a hub to showcase their charity, do social media outreach, display photos, and update contributors on the project’s progress. See here for an example from a skatepark fundraiser in Ann Arbor, Michigan.
Pledgebank
PledgeBank is a site to help people get things done, especially things that require several people. We think that the world needs such a service: lots of good things don't happen because there aren't enough organised people to do them.
   

Methods/Tools/Web Resources

Sites
Comments

PayPal

This is a link to the PayPal page titled "An Affordable Solution for Nonprofits - Accepting Donations through PayPal". Not sure if there is a better or more convenient system in Thailand. Probably just ATM transfers to a group account.
Flattr  
"Flattr was founded to help people share money, not just content. Before Flattr, the only reasonable way to donate has been to use Paypal or other systems to send money to people. The threshold for this is quite high. People would just ignore the option to send donations if it wasn't for a really important cause. Sending just a small sum has always been a pain in the ass." This looks to be a European based alternative to PayPal.
   

Examples of what other Hackerspaces are doing:

Comments (7)

j0rd said

at 1:43 pm on Nov 10, 2010

I personally feel Thai dual pricing is racist, exclusionary and isn't acceptable in most other countries. Sliding scale pricing based on income is fine with me.

Charles said

at 4:49 pm on Nov 10, 2010

Completely valid point.

David Long said

at 8:04 am on Nov 12, 2010

If we try to set up a space that includes professional office space, or event space, then more or less we'd be going into competition with other venues. Is this a reasonable thing to do as renting office or event space is not even closely associated with our purpose? This is not to say that people can use the space free of charge, but rather to identify their purpose as well, before the issue of rent. This of course limits the market, reduces potential income, so it probably becomes a non-possibility, perhaps.

Ian Korman said

at 6:57 pm on Nov 18, 2010

My initial vision of a Bangkok IT community space was just a place to hangout with free wifi and maybe some power outlets. We don't need a coffee shop on premise or anything fancy since you can very easily go out and get what you need or have it brought to you. If there is enough involvement in such a place and it becomes 'a place' in the IT community then we shouldn't have any problems either getting donations or hiring staff or a manager if that is what is either desired or needed.

Charity events to raise money for the space would be a good idea. Shop space seems more like a convenience then any source of revenue. Sponsorship could be good but it is tricky (I like just accepting donations with no-strings attached to how the space advertises the donors efforts). Membership also becomes tricky since, I would think, you want to make this an open community space (who is going to be the bouncer?).

Ches Martin said

at 3:00 pm on Nov 19, 2010

I don't think you need a "bouncer" -- in my mind the idea of membership is simply to help foster and promote respect for the space and mutually for one another, not to be draconian about policies or establish a rigid hierarchy. Maybe I'm overly optimistic of human nature, but people will look out for each other's things, for what's right, and will trust their instincts. At least if it's any community you want to be part of. Membership and open community are not mutually exclusive concepts, I've seen the model successfully applied.

Ian Korman said

at 12:35 am on Nov 21, 2010

I was just being facetious about the bouncer. If we just spend enough time reading what the other spaces do and/or directly ask them for advice then we should be fine. I did already read that most spaces do have memberships with about 2/3 members from the start and 1/3 new/flux members. So, I think it is some math and evaluation of commitment. A group I was in before was into events in a major way for fundraising. I think events can be nice to boost the coffers but are can be dicey for a new group of people.

Blaise Rattana said

at 10:11 am on Nov 20, 2010

agree, on not doing professional office space and event rent out. i thought initially a coworking type space would be good for continue funding income and it will allow the space to have residents to keep it going. But I might have had too high of expectations of the space's purpose. A place with some desks and sofas and room to huddle and talk will suffice for a membership models of funding and reduce operating cost and upkeep, i think it's a bare minimum to make it as a hackerspace. more options, means more operation overhead for someone that has to manage it. i vote for funding via donations from crowdsourcing and member commitment donations for startup funds and what remains become operation funds. continue membership fee to keep operation going. sponsorships should solicit in the form of equipment, furniture, food, sodas, water, physical items to supply the startup initiative, and can also help reduce startup cost. so checked boxes: Membership Fees, Crowdsourcing, and sponsorship in limited acceptance of physical donations.

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