But what they are essentially asking for is investment in a real estate project/concept and those kind of investor are all occupancy rates, turn over, IRR.
The concept is essentially Soho with more rooms and less ostentatious, which is very easy to replicate by people with money and experience in the field. So why add an inexperienced startup as a middle man.
They are looking for 3.5 million to setup in London and BA. 3.5 gets you nothing in London. A conservative estimate is that they will need 30-50k sq.ft., which is $500+ a foot plus refurbishment in London.
Most super successful Silicon stuff is silly and can only be explained by our cultural decadence. Economics can rarely explain success in the economic field, cultural shifts can.
But what they are essentially asking for is investment in a real estate project/concept and those kind of investor are all occupancy rates, turn over, IRR.
The concept is essentially Soho with more rooms and less ostentatious, which is very easy to replicate by people with money and experience in the field. So why add an inexperienced startup as a middle man.
They are looking for 3.5 million to setup in London and BA. 3.5 gets you nothing in London. A conservative estimate is that they will need 30-50k sq.ft., which is $500+ a foot plus refurbishment in London.
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