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NameABC No RioPianoFightRedstoneQilombo (formerly The Holdout)Lamont St CollectiveFlight DeckPeople’s Community MarketBrooklyn BaseThe Commons BrooklynHUB OaklandHUB DCHollis Works[Freespace]Berkeley Bio Lab
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How relevant?Very relevantVery relevantVery relevantVery relevantVery relevantrelevantrelevantrelevantrelevantrelevantrelevantsomewhat relevantnot very relevantnot very relevant
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Overviewa community center for oppositional art and culture in the lower east sidea theatre space and restaurant/bara diverse group of non-profits, artists and activists lending a positive spirit to the communitya radical social center that supports community in strugglea center of leftist political activism and neighborhood advocacy... evolved into a community of artists and public eventsa launch pad for theater, visual artsa community retail grocery storea sociopolitical space committed to the dissemination of revolutionary left and anarchist ideas and organizinga community & educational center dedicated to healthy communities, individuals and environmenta co-working/ community space for social entrepreneursa co-working/ community space for social entrepreneurs – this one especially focused on co-ops, timebanking, etca private real estate enterprise/business incubator for hardware/product engineeringan arts & culture stunt in a between-tenant, fixer-upper office/retail spaceenables biotech entrepreneur R&D by providing lab facilities, community, and other services
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Operations – locationNYCSFSFWest Oakland (San Pablo)DCdownown OaklandWest OaklandBrooklyn, NY (1302 Myrtle Ave)Brooklyn, NY (388 Atlantic Avenue)Uptown Oakland (2323 Broadway); over 60 other sites worldwideDCWest Oakland (34th & Hollis)SF (formerly 1011 Mission, now 1101 Market); also forming in cities worldwide626 Bancroft Way, Bldg 3 Suite B, Berkeley
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Operations – open?open since 1979opening Fall 2014opended in 1915 (!!) as a labor templerebooted 2014open since 1975opening June 2014opening 2015?opened 2013opened 2010, scrambling now that Brecht Forum closedopened Feb 2014opening later in 2014opening 2014?opened June 2013 and re-opened Mar 2014opened
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Operations – managementa collective of collectives; the individual projects enjoy autonomy in their affairs, building-wide matters are addressed collectivelyPianoFight is actually a subleasor of an LLC they co-own; that LLC holds the master lease and gets investments; a separate LLC holds liquor/food licenses
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Operations – lease terms10 year lease with two 5-year options to renew based on market values; negotiated very low cost per sq-ft; received 1 year free rent and then more in exchange for tenant improvements; secured a $400k private loan from the property ownrentintends to ownRenting onlyRenting only, landlady makes decisionsOwnsintends to ownintends to ownOccupying unused spaceunsure
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Finance – expenses$1.2M to open, ? to operate monthly$1.5M min, $3.6M target, $4M max$1M to open, ? to operate monthly$171K development, $14MM cumulative complete$10k to open, $25k/month rent for several months
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Finance – revenuetheater event tickets, restaurant/barrent and sales from theatre space, gallery, rehearsal studio, co-working spacesgrocery sales, etcrent from members, major event feesrent from members, major event feesrent from membersn/a
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Finance – fundraisingin 2009, awarded $1,650,000 in capital funding from NYC; currently doing another capital campaignbegan with two $15k seed investors to write biz plan, draft lease, and craft private investor memo; now, after 3 years, almost (but not quite) done raising $1.2M including $130k via Kickstarterraising appx $4M via “direct public offering”tbd – just finished in Marchraised $1.5M including $145k via Kickstartertbd$25k via IndieGoGo, city grants, et al
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ContactSean Conroy, memberBetty Traynor info@redstonesf.orgBrahm Ahmadi, President/CEOLisa Chacon, CFOAllison Basile, cofounderSeth Heltsley, founder et al etcMike Zuckerman, cofounderRyan Bethencourt, cofounder and CEO
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site URLhttp://www.abcnorio.org/pianofight.comhttp://www.energy-net.org/REDSTONE/qilombo.orglamontstreetcollective.nettheflightdeck.orgpeoplescommunitymarket.comthebasebk.org/aboutthecommonsbrooklyn.orgoakland.impacthub.netimpacthubdc.comhollisworks.comfreespace.io/events/2013-06/berkeleybiolabs.com
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biz plan URLhttps://drive.google.com/file/d/0B0wCJ96yG-FndXg2cFFCMlBGVTA/edit?usp=sharingpeoplesmarket.wpengine.netdna-cdn.com/wp-content/uploads/2014/01/PCM-Preferred-Stock-Offering-Memorandum-2013.pdfhttps://drive.google.com/file/d/0B0wCJ96yG-FnSFhMc3hTYnMwWHVlNHVpd0ZDN1JMSE1MNjd3/edit?usp=sharing
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crowdfunding URLkickstarter.com/projects/1026891604/pianofight-sfs-next-landmark-entertainment-venuehttps://www.indiegogo.com/projects/the-flight-deck-launch-a-shared-performance-venue-arts-space-in-oaklandpeoplescommunitymarket.com/buy-shares/??kickstarter.com/projects/konda/what-makes-you-come-alive-bring-it-to-the-hub-0n/aindiegogo.com/projects/freespace-a-temporary-space-for-lasting-change--7n/a
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