This is a draft copy. Please let me know if you find any mistakes.
The startup space is filled with stories about how a couple of guys in their 20’s built their first product in their apartment. I believe that this is the best way to build a startup with limited resources. It’s been almost two years since I got back from Boost VC in Silicon Valley and I really missed the place. For those who’s never heard of Boost VC, it’s an accelerator in Silicon Valley with more focus on blockchain and VR. They provide you with funding, office space, and housing to allow you to focus like no other place in the world. Just imagine a place where the smartest and most passionate people work together, all trying to make the world a better place in their own ways.
Boost VC was that place.
I’d like to try to recreate a similar environment in a smaller scale. The most important element is absolute focus and I believe this is possible when our goals are aligned. Here are some of my guiding principles, put into words by successful founders and organizations.
- “We’re here to put a dent in the universe.” - Steve Jobs
- “Make something people want.” - Y Combinator
- “If you’re not embarrassed by the first version of your product, you’ve launched too late.” - Reid Hoffman
- “Be a cockroach.” - Boost VC
Next is the location. Silicon Valley is great but I’d like to explore an alternative with better balance between the cost and quality of living. Vancouver has always ranked in the top 10 of the world’s best city and in my opinon, Yaletown is the most convinient location in Vancouver. Public transportation is close by, and there are dozens of restaurants and grocery stores within a couple of blocks.
Additionally, the rent is significantly cheaper than San Francisco. Money is the lifeline for startups.
Less burn rate = More run way = Higher chance of success
The apartment has 2 bedrooms, 1 flex room, and 1 den. They all have their own doors so everyone has their own privacy. Each room will be converted into a bedroom with their own closets. The living room will be turned into an open office space with 6 desks. We’ll have 4 people living in the apartment but we’ll have extra desks to be able to accomodate some guests. One bathroom is an ensuite so the other bathroom will need to be shared by 3 people. To maintain the cleanliness of the shared space, we’ll have a weekly or bi-weekly professional cleaning.
The only requirement is that you must be a developer. If you know anyone that would be interested in joining the Hacker House, please send me an email at charles (at) charleshan (dot) com.