SMART CITIES / SMART SPACE
Karl Dakin
Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
FUNDING FORTUNES
"Raising funds is like brewing tea: steep your ideas long enough to release the flavor."
?Ideas are fragile and can easily be dismissed. Demonstration of effort to create a business model and to vet and verify market interest may elevate the idea into a sustainable business opportunity where initial funding may be obtained. It also builds credibility in the person offering up the idea.
QUICK CALENDAR
?TOMORROW, Tuesday, February 18 – Successful Funding show – Funding Smart Cities – 8 am Mountain Time, 10 am Eastern Time - https://www.dhirubhai.net/events/successfulfunding-fundingsmartc7297263217062383616/theater/
?WEDNESDAY, February 19 – Belize Real Estate & Lifestyles show – Starting a Business in Belize - https://www.dhirubhai.net/events/belizerealestateandlifestyles7297264315760267264/theater/
Investor ID Webinar - Targeting High Probability Investor Candidates: Finding Your Funding Soulmate – 1st in Four-Part Weekly Series starts on April 2 – 8 am to 9 am Mountain Time, 10 am to 11 am Eastern Time - https://dakincapital.com/event-6036637
?FUNDING POINT – SMART CITIES / SMART SPACE
In my work to design, develop and implement/install/construct a smart city, I am working toward a universal design template which may be comprised of dozens or possibly hundreds of individual investment opportunities.
?As with any enterprise, I start with a group of activities that I offer in a service package as Business Model Development (https://dakincapital.com/Business-Model-Development). This is a starting point that serves as a primary building block in a venture. This service is included within the larger set of services for Opportunity Due Diligence and Assessment (https://dakincapital.com/Opportunity-Assessment/).
?Within the business model, every revenue stream is identified. In taking a look at smart cities, I have preliminarily adopted five groups of activities that should each generate revenue.
·??????? Smart Knowledge
·??????? Smart Space
·??????? Smart Digital (changed from Smart City to focus on digital interconnectedness)
·?????? Smart Economy
·?????? Smart Community
This Funding Point article focuses on Smart Space. Smart City assumes a geographic area with buildings, roads, and people. It also causes people to automatically assume that a government rules this nexus of activity. These assumptions should be set aside to enable creativity that embraces change and implementation of the technologies of today and tomorrow.
I start my analysis of Smart Cities with a wholesale adoption of the New Urbanism concepts for achieving a live/work/play design that better supports benefiting from shared resources. Working with a clean slate or a ‘greenfield’ development, I view a Smart City not as a random collection of digitally interconnected buildings but as a single enterprise where each resident is a customer, and the provision of services acknowledges limited resources.
Too often, urban developments work to benefit real estate developers and government power brokers with the needs of the residents of secondary concern or ignored altogether. Real estate developers are offered an option to buy out of the requirement, which begs the question of how the city serves its residents. This is best demonstrated by cities that force developers to set aside a percentage of residential housing as ‘affordable housing’ without considering money culture or benefit to the tenant other than the housing price.
The current custom is to build cities with zones restricted to defined uses: single-family, multifamily, mixed-use, commercial, light industrial, heavy industry, agriculture, and special use. Historically, this has created challenges in transportation and time for residents with less money—they have to pay to go from one point to another, and time is wasted on transport that could have been spent with family, community, or working a few more hours to earn more money.
Smart Space design seeks to make more efficient use of time for the residents within the Smart City. Residents may make use of this time as they choose. However, any design of a space considers everything from time going to work, to the daycare, to the store, or a community event. It also considers every task of every resident, from taking out the trash to mowing the lawn or shoveling snow. All everyday activities that force the taking of time away from residents should be examined as a possible service of the Smart City. The value to the residents was demonstrated by the ‘work from home’ movement caused by the COVID-19 pandemic. Workers found that despite working from a less-than-optimum home environment, they saved up to 20% of their day and the associated stress and expense by not having to travel to work.
If residents of a Smart City were given a choice, like stockholders in an enterprise, would they choose the customary approaches to city planning now in effect? If the time inefficiencies forced by customary approaches were reduced or eliminated, would the residents not experience a higher quality of life?
While these questions may appear academic, what if a Smart City were structured as an enterprise with ownership by its residents without the empowerment of local governments to rule over operations? It is expected that the residents would cast their votes for the use of space within the Smart City in a strikingly different fashion.
RESOURCES ON SMART CITIES / SMART SPACE
Technical articles on revenue sharing from Google Scholar include:
Smart Cities as a Pathway to Sustainable Urbanism in the Arab World: A Case Analysis of Saudi Cities
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Books available on Amazon:
SUCCESSFUL FUNDING SHOW
TOMORROW, I will host my Successful Funding show where the topic will be funding of Smart Cities. I will advance the concept of a Smart City as a sustainable business enterprise and residents as stockholders.
You may view the show live or see the recording of the show at:
BELIZE REAL ESTATE AND LIFESTYLES SHOW
WEDNESDAY, Boris Mannsfeld with Boris Mannsfeld & Associates and I will host the Belize Real Estate and Lifestyles show where we will discuss starting a business in Belize.
You may view the show live or see the recording of the show at:
EDUCATION PROGRAM
Targeting High Probability Investor Candidates: Finding Your Funding Soulmate
The webinar of this education program will be presented three more times this year:
·?????? April 2, 9, 16, 23
·?????? July 2, 9, 16, 23
·?????? Oct 1, 8, 15, 22
The education program includes:
· Artificial Intelligence Avatar - Attendees will have one year of online access to a custom AI avatar on the topic of identifying investor candidates.
· Book - Attendees will receive a digital copy of a book on matching their businesses and funding needs with investor candidates who need the businesses to succeed to attain their own goals.
· Workshop - A half-day webinar will be presented on Zoom on Thursday, January 16, 2025, from 11 am to 1 pm Eastern Time, 9 am to 1 pm Mountain Time by Karl Dakin.
· Consult -? Each attendee will receive one-half hour of consultation with Karl Dakin on their funding challenges.
Discover how to secure funding more effectively and efficiently. By targeting the right investor candidates, you can tailor your entire campaign, from offer to closing, to match these candidates - achieving greater success in less time and with reduced costs.
This avtor is designed for entrepreneurs, small business owners, community leaders, charities, service providers, and economic developers responsible for raising funding.
Readers of this Instant Funding newsletter qualify for the discounted price of $400 (marked down from $500). Go to Register. Select the Funding Fans ticket and use the discount code FundingFan2025.
GOT 15 MINUTES AND A QUESTION ON FUNDING - GIVE ME A CALL
I recognize that many readers of this Instant Funding newsletter have questions about funding that are not answered by the newsletter. I am available for a 15-minute phone/video call about your funding questions. This is to let you know there is no charge for this call. Just contact me to schedule a time at [email protected].
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Karl Dakin, the Capital Coach
Dakin Capital LLC
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Capital Coach | Stakeholder Investor Campaigns | Design, Stage, and Manage or Support | Reduce Time, Money, and Risk of Raising Funding | Increase Probability of Success! | Opportunity Management
1 周How would you vote your stock if you were an owner in your city?