Published by FON on 27 Aug 2008 at 03:48 pm
Come Together Over Myobar
A London company has organized to give just about anyone the chance to own a nightclub. Myobar (My, Your, Our Bar) is giving the online public a chance to put their money and their ideas into the creation of a new London nightclub. With 5000 shares to be had at £150 each, partners will be able to manage the bar as well as have a say on the name of the bar, interior, food, theme nights, and a bevy of other decisions.
The company posted the following on their Facebook profile:
“From buying just one share you will get to vote on all the major and some minor business decisions online. It could range from selecting the bouncer to the choice of vodka all the way to the colours of the toilets. Or you could just settle in the knowledge that you own your very own bar.”
While the idea is interesting, the chances of success will remain to be seen. Crowdsourcing in the service industry is a relatively new concept. The Washington Post recently ran an article on Elements, an online community that is funding and contributing ideas to build a neighborhood restaurant.
Karl on 23 Sep 2008 at 5:20 am #
Hi there, thanks for the mention. Firstly would like to confirm that we haven’t actually set the membership price as this all depends on the first venue and costs. We are aiming to get 2,000 members involved. As you mention the crowdsourcing has never been done in a service industry but we are confident it will work. Its all run by the members so trust is involved and a good structure is imperative.