Edgy Ned & the SoundSpace
31 startups launched over 31 days, 90 days to cashflow positive
Day 31: Edgy Ned & the SoundSpace
New CEO needed for two companies, 57 domains for sale, lease, or joint venture
31 startups | 90 days to cashflow positive | do good | podcast | community | revenue guess
Well, day 31 of 31 startup launches.
I'm feeling like a bit of an old skull. The lead images for the last two days of the 31 Startups are skulls, come to think of it. It just worked out that way, not at all on purpose.
Skully nonetheless
Anyway, 31 days in, 31 startups started, launched, ideated, whatever you want to call it.
That was something.
This is merely the end of our first stage.
Just the first 31 days.
This is just the beginning, really.
Didn't track time, but 10-12 hours a day, I'd guess, and zero days off.
It felt good.
Now, there are 90 days to go to get as many of these as possible to cashflow positive.
From 9/1 through 11/30, the entire focus will be on prototypes, MVP, sales, marketing, and finding people who gell with things.
Make something people want.
We'll have 90 days to do just that.
Here's some of what is still to come.
Launching a 31 Startups podcast, we've recorded some and will start releasing them soon. Do you want to be the first sponsor of the 31 Startups, 90 Days to Cashflow Positive podcast? Available in 26 episode ad buy units, one-minute live on-air "ads" Make me an offer I can't refuse $XX or $XXX per episode times 26 episodes, and you're dialed in. Get 26 or 52; you'll be glad you did. Ping me.
Opening up the 31 Startups community soon so people can noodle out loud, make suggestions, make connections, and whatever makes sense. Work with one another. Build their own startups. Point each other to fantastic founder resources and communities online. There is no one hub; there are hundreds, if not thousands. This will just be one more. (h/t to Marshall Kirkpatrick for recommending this one)
Developing (well, our middle son is doing most of the work), the 31 Startups website live as a content-rich one-pager that indexes links to all the things that have and are continuing to happen. Once this one-page site is live, I hope to put it up on Product Hunt as the launch of phase two; 90 days to cashflow positive. (h/t to Marshall Kirkpatrick for recommending this one too)
Ok, so what now for the last launch of 31 startups?
Everything must go. (not really, just being 70's style late-night TV infomercial-ly)
All the stuff I've had and built, ready to go. My portion of any sale/lease on these following things gets plowed directly back into the growth of one or more of the 31 startup companies. Also, none of the funds from the sale of either of the two existing companies or domains will be counted towards the 31 startups' sales. I mean to say, I'll still share the #s; it just doesn't seem fair to those that are guessing the final sales numbers, which I invite you to do, please.
NedSpace: For Sale (well, kind of)
NedSpace, Portland's oldest coworking location, will be 12 years old Q1 2021. It's done a few million dollars in revenue since it was launched (with no business plan, no investment, and cashflow positive in well under 90 days). Current six month trailing revenue is $118,430, so it’s valuation is 2-4x that number, or $236,860 to $473,720.
That being said, I've got an idea of how to squeeze the price down substantially.
But, a few things.
- Chelsea is part of the package, she is fantastic, and she is required.
- I'll still be around; it's just time for other people to run with this ball.
- I'd like it to be a co-op or b-corp or community-driven operation.
- It will need to be a ten year or two five year leases and approved by Melvin Mark/building owners.
- It will need to be very EID focused, equity, inclusion & diversity. That's baked into NedSpace, and a new ownership structure cannot f#ck that up.
- The new ownership group gets a turnkey biz ready to roll, including everything from furniture, equipment, and infrastructure.
- Here are 105 reviews of NedSpace at a 4.9 average
- Melvin Mark and the building ownership group must agree new management/ownership group.
- Josh, my partner, must agree to all the terms and conditions of the deal.
Important PS: I'd like to see this become a co-op business with a group of people owning, running, building community, and keeping things moving forward in a positive, uplifting, thriving, and caring environment.
Oh, if nothing develops here, nada worry. I'll keep NedSpace rolling along, business as usual. I've got a few other projects on my mind right now, well...31 other projects, to be specific.
If you're interested, send me a DM on Twitter, and I'll connect you with the deal maker.
Order before midnight tonight and get a free pair of Ginsu knives at no extra charge. Don't shed a single tear.
Startup Radio Network: (New $$$ and fresh CEO)
Three years in and Startup Radio Network has over 6 million listeners so far. With five shows all about founders and startups: Felony Inc, ex-felons who have started their businesses. Meaningful Marketplace, food, and beverage startup founder stories. The Out Entrepreneur, LGBTQ founders. Latino Founder Hour, Latino founders from around the world (usually in Spanish). And Veteran Founder Podcast, service members that have launched startups.
We have quite a few more new shows in development and are seeking an investment and bringing onboard a CEO to jump, running as fast as possible to grow this thing into the beast that it can be. Not sure about pricing/investment, but podcast networks have been a hot commodity. PS. Michael, my partner at SRN, will need to be in agreement with how this moves forward.
If you're interested, send me a DM on Twitter, and I'll connect you to the investment team.
But wait, there's more...there always is. Bam, we've got more. It slices, it dices.
Edgy.com, Ned.com, and 55 other domains: For Sale or Rent or JV.
Buy it.
Buy a three or four-letter top-level domain.
Like beachfront property, they're not making any more, and the prices keep going up. Last year's voice(dot)com went for 30 million dollars.
Don't have a million dollars or whatnot but want to do more of a JV (joint venture) thing with either edgy/com or ned/com?
You show it can do good things, grow significant revenue fast, we can talk.
Edgy(dot)com <- High $XXX,XXX to low $X,XXX,XXX USD
Ned(dot)com <- High $XXX,XXX to low $X,XXX,XXX USD
Submerged(dot)com <- $175,000 own, $17,500 rent to own
Rent it, or own it
Rent or Buy from the handful of domains below - (USD 2,500 per year to rent, USD 25,000 purchase)
Not to worry, any unrented or unsold of the 57 domains will go into play for another startup sometime soon, not lacking for imagination here.
adcentric/com
adnalysis/com
adz/net
afterschoolstartup/com
afterschoolstartups/com
bannerz/com
betterworldmedianetwork/com
businessatthespeedofcheese/com
buzzoffmalaria/com
chomper/org
choretochore/com
clipz/com
connectopus/com
desker/org
entremanure/org
familios/com
founderwalkwithme/com
giftsthatgiveback/org
hashtagcity/com
hohohomeless/com
hyperadvertising/com
launchgrowscaleexit/com
localish/org
malariabednet/com
malariamonroe/com
memzey/com
microventurefinance/com
microventurefinance/org
nakedzombie/com
pdxish/com
pearlhouse/org
repsycho/com
socialgivingcircle/com
socialgivingcircle/org
spreadthegood/com
startupapedia/com
startupathon/org
startupcheddar/com
startupepedia/com
startupercise/com
startupmediagroup/com
startupmofo/com
startupmotherfucker/com
startupmotherfuckers/com
startuptelethon/com
summercampstartup/com
t-shirtforachange/com
theblues/org
thefreeshop/org
tshirtforachange/com
tshirtmedia/com
tshirtsforachange/com
unfuckedcompanies.com
zthing/com
So, phase one of 31 startup launches in 31 days, 90 days to cashflow positive has launched 31 startups, now what.
Sept - build out the MVP and prototype, early sales.
Oct - ramp up sales, marketing, and get revenue really rolling.
Nov - kick in the jams on revenue.
Current revenue 0.07 cents.
Where do you think total revenue will end up?
Please let me know; the closest guess gets $250 for the charity of their choice.
Just 31 startups, don't you have any more in you?
Funny you should ask.
Oh, and what kind of @sshole launches side hustles in the middle of doing brand new 31 startups?
This guy.
Sometime in September and each month following, I'll launch another startup.
Month after month after month after month.
Why not?
Still have a massive list of ideas I think are pretty interesting.
Thank you, everyone (anyone?) who's been following along (or trying to) these last 31 days. I'm sure it feels overwhelming; believe me, it overwhelms me too.
Be well, stay safe, have fun, now let's keep movin' on.
<M>
Edgy Ned & the SoundSpace Next Steps: start getting 31 startups to cashflow positive by Monday 11/30/20 - and keep launching one new startup a month into the future.
So if you'd like to follow the Edgy Ned & the SoundSpace journey, please go to 31startups.com and sign up to follow along.
31 startups | 90 days to cashflow positive | do good | podcast | community | revenue guess