One interesting piece of information that's pertinent to everyone that came out of this is that they were offering a membership with unlimited classes built into it - and, furthermore, that the removal of this offering after several years is one of the things that got everyone in an uproar. When the asylum offered an unlimited class pass, the members who used it ended up using 2x the price they paid for the pass in a year in payments we had to make to teachers - luckily, we kept the experiment small, and it didn't cause any serious harm. Given that 3rd Ward and the Asylum were of a similar size (programmatically and physically) I can see no possible way such a business plan/offering could've worked out in the long run.<br><br>Navigate such discounts and deals at your own risk, especially as they become standard offerings in your space. <br><br>Florencia Edwards <floev22@gmail.com> wrote:<br><br><p>Managing a makerspace or hackerspace is soo hard. I think that this happening put the fact out there that its hard and requires subtle work and communication. Before this i thought only our makerspace struggled with money ,prices ,and how to make everyone welcome but not go bankrupt for not charging. This makes me realse we are not alone and that we can learn from this mistakes. </p>
<div class="gmail_quote">El 13/10/2013 20:33, "William Macfarlane" <<a href="mailto:wmacfarl@gmail.com">wmacfarl@gmail.com</a>> escribió:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr">Yeah, I guess my question was whether there could be a trick of contract-law that resulted in giving membership refunds priority over other debts.<div><br></div><div>I did forget about personal guarantorage, which is a foolish thing to forget about since I'm the personal guarantor on the line for my space.</div>
</div><div class="gmail_extra"><br><br><div class="gmail_quote">On Sun, Oct 13, 2013 at 7:24 PM, Arclight <span dir="ltr"><<a href="mailto:arclight@gmail.com" target="_blank">arclight@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><p dir="ltr">There are a few problems with choosing who to pay if you close down. First, it's become common for corporations, including non-profits, to need personal guarantors when they sign leases or pretty much do anything these days as a startup.</p>
<p dir="ltr">Not paying the later rent check might leave your "angels" in a big financial mess. </p>
<p dir="ltr">Secondly, if you actually need to declare bankruptcy, you absolutely cannot give preferential treatment to anyone. The court decides who will get what share and when, regardless of what you think is equitable. If you accept a preferential payment, you can be forced to give it back later.</p>
<p dir="ltr">And I do agree that not having "the money talk" early and often is the surest way to fail.</p><span><font color="#888888">
<p dir="ltr">Arclight</p>
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