I'm sorry Geoff, but unless your response is in the form of a question, it is disqualified. :)
What Geoff doesn't explain is that while we're a for-profit business entity, our business model is more often qualified as "not just for profit". I've written extensively on our decision to do this, and why, and what benefits it's afforded us. Take a looksie: http://www.dangerouslyawesome.com/2008/05/29/add-equal-parts-business-and-culture-blend-until-smooth/ Lately I've been thinking about "Triple Bottom Line" businesses, that operate on three goals: profit, people, planet. http://en.wikipedia.org/wiki/Triple_bottom_line While we may not be green certified, and the ecological benefits of sharing space are obvious, I've replaced "planet" with "place" in terms of IndyHall. Our focuses are on building fiscal capital to reinvest in the community, human social capital in the form of community, and regional social capital in the form of making Philadelphia a better place for us to work. Geoff's background in founding and participating in non-profits helped guide us in the direction that while non-profits are great for some things, IndyHall wasn't one of those things. Since it sounds like your primary goal for going non-profit is for fund raising, I think you'll find plenty of people here that can help advise in alternative ways to raise funds without applying for a status that could cripple you down the road. One more point and then I'm done: we've achieved profitability (that is, simply, monthly revenue exceeds our monthly expenses. nothing complicated or tricky to state that) within 6 months of opening our first space and again, last month, 5 months after opening our 2nd space. -Alex, IndyHall -- ----- -- ----- Alex Hillman im always developing something digital: a...@weknowhtml.com helpful: www.unstick.me visual: www.dangerouslyawesome.com local: www.indyhall.org On Thu, Oct 15, 2009 at 2:32 PM, Geoff DiMasi <ge...@punkave.com> wrote: > For profit. > :) > > Geoff > > -- > Geoff DiMasi > P'unk Avenue > 215 755 1330 > http://punkave.com > > On Oct 15, 2009, at Oct 15,9:56 AM, Alex Hillman wrote: > > Hey Guys, > > This has been discussed extensively, but there's always more to say. If you > could, though give the Google Group a search for the topic and then come > back with some specific questions! > > -Alex, IndyHall > > -- > ----- > -- > ----- > Alex Hillman > im always developing something > digital: a...@weknowhtml.com > helpful: www.unstick.me > visual: www.dangerouslyawesome.com > local: www.indyhall.org > > > > On Tue, Oct 13, 2009 at 10:53 AM, Wes & Steve - Verge < > vergegr...@gmail.com> wrote: > >> >> Hi all, my business partner and I are in the midst of launching a >> space in downtown Wilmington, DE in the upcoming months. We have >> already found and secured a space, but are still unsure of the proper >> business model to employ. We have been leaning towards not-for-profit >> mainly to have a better chance of raising some initial capital and >> securing sponsorships. We would appreciate if anyone could give us >> some pros and cons for whether for-profit or not-for-profit is the >> better choice, as well as some tips on raising investment. Thanks!!! >> >> >> > > > > > > > --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
