Discussion:
Record pilfering of investor money through rents in London Maker scene
(too old to reply)
7
2018-01-11 09:43:34 UTC
Permalink
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------

The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.

Half the companies are gone without a vision.

But record 'investment' is going in.

Is it really?

Its all being pilfered from investors by sky high rents.

In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.

The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.

In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!

Yeah but I'm a Fintech. I don't need your workshop.

OK Ya! Total cost to u is now £100,000 for small 30sqm room!!
Proooofffffiiiiittttt!!!

This exactly what is going in the Old Street area with
investors being ripped off to the hilt by thieving
property price hiking trolls.

If you have investor, this model of pilfering
will work so long as they rolling in money,
but if you are a Maker, paying out £50,000
for a small room compared to renting an entire
50,000 sqft factory elsewhere for £50,000,
you will be spoilt for choices.
Dan S. MacAbre
2018-01-11 10:07:02 UTC
Permalink
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
Does it have to be done in London? Or is that where all the likely
talent gravitates to?
Post by 7
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Yeah but I'm a Fintech. I don't need your workshop.
OK Ya! Total cost to u is now £100,000 for small 30sqm room!!
Proooofffffiiiiittttt!!!
This exactly what is going in the Old Street area with
investors being ripped off to the hilt by thieving
property price hiking trolls.
If you have investor, this model of pilfering
will work so long as they rolling in money,
but if you are a Maker, paying out £50,000
for a small room compared to renting an entire
50,000 sqft factory elsewhere for £50,000,
you will be spoilt for choices.
7
2018-01-11 15:35:28 UTC
Permalink
Post by Dan S. MacAbre
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
Does it have to be done in London? Or is that where all the likely
talent gravitates to?
London is already the most inefficient place to start
up manufacturing business. The run down area of Old St
was pushed up with Makers hot bedding
there with cheap rents. The make do and can do
attitudes of Makers who brought up the area into
a thriving community are now being exploited by
rent trolls who are directly and indirectly
drinking their blood and draining them of all life
with their rent trolling.

Its no longer a Maker community. Its a place
where Makers go to have their life sucked dry.

They can and should go elsewhere, but it still
needs them to be concentrated in one area
so that they are within easy reach of walking
distance to each other because makers
are of different kinds of specialists that
can help each other to bring products to life.

Its safer to do this kind of thing from home
but the delays with ordering parts and meeting
people may well end up costing the idea and
its potential because the cycle time is 3 months
in China while UK can barely manage 6 months.
So if it then took a year by being dispersed,
then its almost a no win situation before
someone else beats you to it elsewhere in the world.
Post by Dan S. MacAbre
Post by 7
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Yeah but I'm a Fintech. I don't need your workshop.
OK Ya! Total cost to u is now £100,000 for small 30sqm room!!
Proooofffffiiiiittttt!!!
This exactly what is going in the Old Street area with
investors being ripped off to the hilt by thieving
property price hiking trolls.
If you have investor, this model of pilfering
will work so long as they rolling in money,
but if you are a Maker, paying out £50,000
for a small room compared to renting an entire
50,000 sqft factory elsewhere for £50,000,
you will be spoilt for choices.
johnny-knowall
2018-01-11 10:15:31 UTC
Permalink
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?

Do the startup companies have to be located in Old Street?

Couldn’t they do an equally good job from an office in Ilford?
Dan S. MacAbre
2018-01-11 10:23:49 UTC
Permalink
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less traffic,
and less pressure on office space. Maybe people value their
face-to-face time?
Phi
2018-01-11 10:32:22 UTC
Permalink
Post by Dan S. MacAbre
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less traffic,
and less pressure on office space. Maybe people value their face-to-face
time?
Arh.....the paperless office strikes again.
Dan S. MacAbre
2018-01-11 10:39:41 UTC
Permalink
Post by Phi
Post by Dan S. MacAbre
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less
traffic, and less pressure on office space. Maybe people value their
face-to-face time?
Arh.....the paperless office strikes again.
Hmm. Didn't even strike the first time :-)
abelard
2018-01-11 10:42:59 UTC
Permalink
Post by Dan S. MacAbre
Post by Phi
Post by Dan S. MacAbre
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less
traffic, and less pressure on office space. Maybe people value their
face-to-face time?
Arh.....the paperless office strikes again.
Hmm. Didn't even strike the first time :-)
strike...strike....strike...let's have another day of inaction
--
www.abelard.org
Dan S. MacAbre
2018-01-11 10:49:28 UTC
Permalink
Post by abelard
Post by Dan S. MacAbre
Post by Phi
Post by Dan S. MacAbre
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less
traffic, and less pressure on office space. Maybe people value their
face-to-face time?
Arh.....the paperless office strikes again.
Hmm. Didn't even strike the first time :-)
strike...strike....strike...let's have another day of inaction
Everybody out!
Ophelia
2018-01-12 14:25:53 UTC
Permalink
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
I always imagined everyone'd be teleconferencing by now. Less traffic,
and less pressure on office space. Maybe people value their
face-to-face time?

==

I know someone who worked in a tech company who was more than capable of
working from home, and often had to in the winter when the roads were very
bad, but the manager insisted they all turn up at work to do so.

It appeared to justify her existence. He didn't stay long!

Joe
2018-01-11 11:49:39 UTC
Permalink
On Thu, 11 Jan 2018 10:15:31 +0000
Post by johnny-knowall
Post by 7
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Do the startup companies have to be located in Old Street?
Couldn’t they do an equally good job from an office in Ilford?
It's all about prestige and impressing the investors. Who is going to
finance a unicorn stabled in Ilford?

The insane level of commuting into London is due to the desire of
employers for a prestige London address coupled with a reluctance to
pay employees enough to have the same. Solution: double the rates on
office space and halve the rates on domestic dwellings inside, say,
the Congestion Zone. Do this each year, extending further outwards,
until the trains are no longer overcrowded.
--
Joe
7
2018-01-11 12:30:19 UTC
Permalink
Post by johnny-knowall
Post by 7
Record pilfering of investor money through rents in London Maker scene
----------------------------------------------------------------------
The Maker scene in London and IoT tech startup culture in Old Street
is all disappearing in a poof.
Half the companies are gone without a vision.
But record 'investment' is going in.
Is it really?
Its all being pilfered from investors by sky high rents.
In a typical maker scene, the idea is that you provide someone
with a desk and workshop because that is all they need
to get creative and create a product and
turn it into profit in record time - minimum 6 months in London
if all things go smoothly, and 3 months in China
because UK is a highly inefficient place for anything
to do with manufacturing.
The price is a £150 per month for room that can seat up to 6 desks
so the cost is £25 per desk and you may have 2 to 6 potential
new companies being birthed in that small room + workshops.
In comes the trolls, and looks at this cheap birthing
room and says, we can charge £250 surely for this desk?
Not really.
OK then we will charge £600 per desk and you get investor
to pay for it.
WTF?
And by the way, it is 6 x £600 + VAT for that room.
WTF? WTF?
Total cost £51,840 per year to your investor.
£51,690 Proffitttt!!
Is anyone forcing people to pay this?
Yes the makers are being forced to pay it by
taking wage cuts and blowing their entire fortune on rents
even with investors around.
Post by johnny-knowall
Do the startup companies have to be located in Old Street?
No - but a lot of the IoT scene is in Old St area so
your potential customers and helping hands are there within
walking distance.
Post by johnny-knowall
Couldn’t they do an equally good job from an office in Ilford?
London is already the most inefficient place to start
up manufacturing business. The run down area of Old St
was pushed up with Makers hot bedding
there with cheap rents. The make do and can do
attitudes of Makers who brought up the area into
a thriving community are now being exploited by
rent trolls who are directly and indirectly
drinking their blood and draining them of all life
with their rent trolling.

Its no longer a Maker community. Its a place
where Makers go to have their life sucked dry.

They can and should go elsewhere, but it still
needs them to be concentrated in one area
so that they are within easy reach of walking
distance to each other because makers
are of different kinds of specialists that
can help each other to bring products to life.

Its safer to do this kind of thing from home
but the delays with ordering parts and meeting
people may well end up costing the idea and
its potential because the cycle time is 3 months
in China while UK can barely manage 6 months.
So if it then took a year by being dispersed,
then its almost a no win situation before
someone else beats you to it elsewhere in the world.
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