Ren Carlton: Uber for Art

Sunday, February 26, 2017

#7 MFS - Why we Chose Uber for Art - Money for a Startup

Let's explore why we chose Uber for Art as our fundraising project.

In article #2, I gave you our checklist for evaluating companies. Let's walk through the list.

- Scalable and Profitable - Yes, because we don't pay for all the costs associated with managing a gallery

- Produce cash flow relatively quickly - Possibly, it depends on how fast we can start hanging art.

- Helps another one of our companies - No

- Interesting and/or fun business - Yes, I think most people like art.

- Strong likelihood of success - Yes, if funded

- Can we add value - Yes, capital will help it scale

- Compatibility with their team - Yes

- We like the business - Yes

- Defendable IP - Possibly because of the technology being developed

Want more?

You can watch the videos and subscribe to my YouTube channel here: https://www.youtube.com/channel/UCmxQWgUDlPJo0IHCIa6SzrQ

Questions or comments?

Linkedin: https://www.linkedin.com/in/rencarlton

Twitter: @RenCarlton

IG: rencarlton

Monday, February 13, 2017

#6 MFS - Uber for Art - Fundraising Project - Money for a Startup

We have chosen our first fundraising project and we are calling it "Uber for Art".

Uber for Art will display artwork for resale at non-traditional, high foot traffic areas, including office buildings, malls, and restaurants.

The idea is to bring the art to potential customers instead of making customers search for art.

People can actually see the art in person, which gives them a competitive advantage over online retailers.

The Art will be hanging in locations that have space and staff, so Uber for Art can avoid most gallery costs, giving the company a cost advantage over traditional galleries.

As most people know, Uber, the world’s largest taxi company, owns no vehicles

Uber for Art is trying to be the world’s largest art company without owning a gallery.