So you want to bring your community into a physical space in the heart of London?
Here’s what you need to know:
- Who should you be?
- What can you do?
- What will it cost?
- What’s next?
<aside>
→ fill in this form to apply!
</aside>
<aside>
Who should you be?
- You are in the trenches at the frontier of DeepTech: ex-founder; community lead; researcher; capital allocator.
- You want to create an open community space. This is a great opportunity to accelerate your mission, but you must create an inclusive space for all members of FT.
- You want to be on the ground in central London (you can hire a community lead to support operations, but you need to show up!)
</aside>
<aside>
What can you do?
- Access: Give members 24/7 access to the space as Frontier Tower citizens (membership fees apply)
- Events: Host unlimited events on your floor with a fair use policy of communal spaces
- Sponsorship: Receive sponsorships for your community and space
- Labs: Rent office or lab space to startups (provided this remains a minority of the floor)
- Operations: Hire community manager for day-to-day operations
</aside>
<aside>
What will it cost?
There is no charge for the floor, but you will need to source capital / sponsorships to kickstart your floor. £35k is a good place to start.
But you will get this back!
The economics:
- Memberships (£140/month): 80:20 revenue share with Frontier Tower
- Private office rental (on your floor) - also 80% to FT
- Events - 20% revenue share of ticketed events to FT
- Sponsorships - 80% to Floor, 20% to FT
</aside>
Budget Model
Year 1 Scenarios (setup year - £35k seed + £45k salary)
| Scenario |
Members |
Membership revenue |
Sponsorship revenue |
Event revenue |
Total revenue |
Outcome vs £80k |
| Conservative |
40 |
11.5k |
24k |
20k |
55.5k |
–£34.5k (shortfall) |
| Base case |
60 |
17.3k |
24k |
30k |
71.3k |
-£8.7k (shortfall) |
| Stretch |
80 |
23k |
48k |
40k |
111k |
+£31k (surplus) |
Year 2 Scenarios (steady state - £50k salary + reinvest)
| Scenario |
Members |
Membership revenue |
Sponsorship revenue |
Event revenue |
Total revenue |
Outcome vs £50k |
| Conservative |
40 |
11.5k |
24k |
20k |
55.5k |
+5.5k (surplus) |
| Base case |
60 |
17.3k |
24k |
30k |
71.3k |
+21.3k (surplus) |
| Stretch |
80 |
23k |
48k |
40k |
111k |
+61k (surplus) |
Requirements:
- [ ] be involved in one of our frontier themes (AI, Crypto, Bio, Neuro, Climate, Hardtech & Robotics, Longevity, Human Coordination, Arts & Music.. we are open to further suggestions at this stage)