LBC: Kudavi A Satellite City

1/22/2016

We think about cities as products.

We believe it is possible to build new

satellite cities (50-100k people).

Why Co-working is huge for a reason > cities can be lonely People want to live next to their friends Urban walkable cities are becoming too expensive for people that work in creative industries Millienials and retired baby boomers don’t want to live in the suburbs = People are open to new options

Our Response = Suburbs 3.0 No ownership No cars Co-living Co-working Close enough to major metros, but not a daily commutable distance

Who will live there initially? Musicians: 1 - 3 months, need recording studio Visual Artists: Weekend - 2 weeks, need art studio Performing Artists: Weekend - 2 weeks, need on-site theater Filmmakers: Weekend - 2 weeks, need rental film equipment Graphic Artists: 1 - 3 months, need coworking space

Who will live there initially? Startup people: Weekend - 12 months, need fast internet Writers/Painters: 1 - 12 months, need coworking space Architects: 1 - 3 months, need coworking space Software engineers: 1 - 6 months, need fast internet Makers: 1 - 3 months, if there is a maker space

What will they live in?

What will they live in?

Why

Plan 1/ Build community beach head in SF/Oak, and use established campground as testing ground. 2/ Validate thesis of creating location by moving 500 people (full-time) to campground. 3/ Validate fully loaded CAC of <$1k/resident. 4/ Build founding team.

Resident LTV 1 Year: $12k 2 Years: $24k 5 Years: $60k

Thank You! :)

Appendix: Alice laughed. “There's no use trying,” she said. “One can't believe impossible things.” “I daresay you haven't had much practice,” said the Queen. “When I was your age, I always did it for half-an-hour a day. Why, sometimes I've believed as many as six impossible things before breakfast!"