I have to admit - I love the idea, but I'm skeptical that this can actually work financially.
@brunohaid How is the funding for this going to work, can you tell us more about how you'll get this started?
@lukasfittl The financials are pretty straightforward, with returning 7-10% to investors in the fund, having 40%+ for OPEX and healthy margin left for ourselves.
We weren't sure how it"d compare to eg Boutique Hotels in the beginning, but less staff and most important marketing with a way better yield makes this pretty sound.
Fundraising for a closed micro REIT in Singapore atm, so we have all three properties financed, and most pleasent fundraising experience of my life so far ;-)
Happy to meet up in SF and go through the deck / numbers.
Global co-living on a subscription basis. You pay one rent and can travel the world from one paradise to the next, optimized for nomads (super fast internet etc).
This is something I've been looking for over the last three years. Amazing that finally someone is working on this. Can't wait to try it.
In a sense this is about not having to worry about your location and work environment. Complete peace of mind. Pick one of the destinations, go there and everything is already set up for you.
If you've done work & travel before you probably know how uncomfortable hotel chairs and desks are for coding and how a search for a good co working space or coffee shop can take up days. This is peace of mind as a service.
If someone can make it happen, these guys can.
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@__tosh Caravan = काफिला / कारवां (meaning a tribe of people travelling together) & Serai = सराय (meaning a place for travellers to stay in older times).
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Need a phonetic spelling of the name... my head just can't spit it out!
How much is it? I couldn't tell from the pricing slide if I pay a different amount for each location or if those were the average costs of living there.
@blainehatab 1600 / month flat fee.
The internal breakdown is roughly 1k for housing & coworking, the rest for all the other amenities, staff, peace of mind etc.
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@brunohaid Ohhh I see. the one on the left is you guys and the other 2 is the cities. Might wanna make that more clear.
Thanks!
@arieljalali Fully agreed, would also throw in "experiences beating a new Bottega Veneta coat". This will be incredibly transformative, also for the valley.
The opening slide of our pitch deck is titled "Shift happens" and contains:
20th century » 21st century
Suburbia » Inner city or off-the-beaten path
Car » Bike, Uber, long distance flights
Corner office » Co-working space
Shopping mall » Small batch or Amazon
Possession » Experience
@caseyrosengren do you already have accommodation partners for Bali & Chiang Mai? Happy to connect you with the Livit gang and others in Ubud or Thailand.
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