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RE: Success! I’m Teaming Up With Five Local Music Influencers To Launch a Steem-Powered Venue in Raleigh :-)
I love this idea. But how you are actually going to raise enough Steem? Obviously an account for the venue that gets lots of votes will be a start. But beyond that, are you looking for donations? Investors? Selling tickets to shows for Steem?
Investment via Steem sounds like an intriguing idea. I'd be curious what technical/legal mechanism could be built to enforce contracts. I think some attorneys might need to get involved.
Very good question. It's important to first state that not 100% of the money needs to raised through steem. The previous incarnation of the venue was funded entirely out of pocket by the team, so even if I can provide 50% of the operating expenses via the venue account (~$1,500 per month), that would make a huge difference at the start.
The question then becomes: How to generate that much with a venue account? I'm working on a content strategy now so that we can post one high quality thread per day. The @sndbox team has pledged to offer 1-per-day upvote support. If I can rally up a few more powerful influencers to promise me some amount of upvote support, we can achieve a steady $50+ per day of steem.
We'll have to power down to access half that money - so the income will build up over the first few months. I hope to run the venue account (with the team, some kind of multisig solution TBD) for a month BEFORE we start renting the building, as a proof of concept & to raise some initial funds.
The whole thing will be fully transparent and accountable, such that whenever a steem is cashed out, that money is accounted for with photographic evidence that it went to the right place via receipts. We'll see if this model works, and if not, we'll try alternatives.
I'm fascinated to see how this develops. You're right - a few high-powered votes a day from the right members could really work wonders, and would do a lot to publicize Steem as well.