This is a model of an excellent floor in Frontier Tower. This is not the day one scenario. Leading a floor is not a job. You and the early members of the community will have to invest your time and energy to build the space of your dreams. We are here to help you achieve them. We will build in public with you.
Recurring Costs:
| Item / Event | Details | Cost | Total | Budgeting scenario |
|---|---|---|---|---|
| Weekly Salon (private) | Food and drink for members (& guests) to discuss latest trends work etc. | 52 * £250 | 13000 | Split between 4 principal sponsors. |
| Tea & coffee | 52 * £20 | 1040 | ||
| Monthly Talk (public) | Open to non-members, get speakers, demos etc. | 12 * £250 | 3000 | Could charge £5 to non members if not sponsored. |
| Quarterly Hackathon | Members and guests, food and small prizes. 1k prize pool, £500 F&D | 4 * £1500 | 6000 | Prize pools from each of principal sponsors internal sponsors. |
| Monthly Dinner | Application based, themed +1 dinners for the members. | 12 * £200 | 2400 | Cook on floor. |
| Special Parties | Launch, Big Events, EOY (approx. 4) | 4 * £500 | 2000 |
Base Total: £27.44k
Additional surplus could be allocated to members of the floor to help with their events.
Core Operations:
Floor lead(s) likely handle this and take “salary” from operating budget in return
| Media & marketing | Contract video editing etc. | 12 * £1000 | 12000 | Can be handled by floor leads |
|---|---|---|---|---|
| Community Manager | 5 days a week in space - especially important for private rental etc. | £45k | 45000 | Presumably this is the floor leads - can sponsors have a key ops role instead |
| Regular Cleaning | twice weekly ideal | 52 * 250 | 13000 | Again can be floor leads / community |
Operations Total: £70k
Stretch Events & Ops:
Each of these could have individual sponsorship - they don’t all need to happen
| Daily Breakfast | Incentive to come in early for ~20 people | 365 * £25 | 9125 |
|---|---|---|---|
| Scholarship Places | 10 per year | 10 * £1320 | 13200 |
| Supporters Dinner | quarterly | 4 * £2000 | 8000 |
| London DeepTech Week | host events for tower wide initiative | 2000 |
Ticketed Events (these could generate revenue)
| Annual Dinner | £60 per head in large venue | 60*60 | 3600 |
|---|---|---|---|
| Fundraiser events | can be used to fund specific purchases | ??? |
One off Purchases:
Average prices chosen (often seeking second hand) - can push +/- 20% depending on available budget.