The Pitch - Clean Version

Harpoon

Hello, my name is Dakotah Apostolou and I’m from Mill Valley, CA. I also live in Antigua, Guatemala. And Bali, Indonesia. And Vilcabamba, Ecuador. And many other locations around the world.

As part of a global community of 35 million digital nomads, I have the ability to live and work anywhere. However, as a member of Cohere, I’m also a shareholder of a continually evolving network of coliving communities around the world, which provides all the value of owning a home while still enjoying the freedom to travel.

Problem

The pandemic has radically shifted the way we live, work and travel — blurring the lines between these once segregated industries and leaving them ripe for innovation. According to a recent Airbnb study, the most common trends among post-pandemic travelers include: taking more trips, traveling to more places, working while traveling, and staying longer in each location now that many countries have adopted digital nomad visas.

The era of tourism as we knew it is coming to an end, as reflected by the 83% YoY market downturn. Now that digital nomads are staying an average of six months at each location, this emerging market of “slow travel” has led to travelers seeking a deeper connection to people and place and desiring a supportive community and collaborative work environment at these destinations.

Although working from anywhere has its advantages, this transient lifestyle can lead to a perpetual cycle of debt due to the inability to gain equity in a home. With 1 in 4 renters spending more than 50 percent of their income on rent, we feel it’s time to evolve “home” to adapt to the new normal and meet the needs of the modern lifestyle.

Demo

The world wasn’t built for digital nomads, but we intend to change that. Our platform connects digital nomads with coliving communities that align with our culture and share our vision to evolve how we live, work and thrive together. Like Classpass for coliving, Cohere makes it easy for members to gain access to a curated network of coliving spaces around the world while gaining equity that goes with them, wherever their journey takes them.

Community is at the core of Cohere, which is why we make it easy for members to find their tribe. As a Cohere member, you belong to a vetted community of changemakers, cultural creatives and impact entrepreneurs who are creating meaningful change in the world. Through our distributed ownership model, you are also a stakeholder in the success of the company which creates long-term patronage while generating network effects that stimulate organic growth.

Our global network of coliving communities are designed to accommodate high-functioning remote workers and meet the needs of the modern lifestyle while creating the conditions to support enhanced wellbeing, personal growth and peak performance. Now that work and travel are an extension of our lives, it’s essential that our spaces and amenities reflect this new way of living.

Money

As a Cohere member, you pay a recurring annual membership due of $100 which is actually an investment into Cohere directly; so, as the company grows, the personal value of our members grow. The more members we have, the more value is developed in the network for the members to take advantage of. Cohere makes additional revenue from member rentals at locations, events, and in-network affiliate sales between members.

We currently have 150 invested members with a pipeline of another 1000 potential new members. Our goal is to reach 3000 invested members by the end of Q2 of 2023 generating $33k MRR. We will do this by hosting month-long co-living experiences at our first few locations. This will serve as a marketing funnel, a community-building experience, a culture generator, and an attractor for new community locations.

Team

As Cohere members ourselves, we’ve been living this lifestyle for years and have a deep understanding of the needs of the digital nomad and how to leverage our decades of combined experience to disrupt the travel industry.

As a Frank Lloyd Wright trained architect, I intrinsically understand how to use the built environment to restore the health of ecosystems and communities and align incentives toward regeneration.

As a serial entrepreneur and creative director, Devin, our CXO, brings over two decades of strategic, operational and creative experience, specializing in UX design and brand strategy.

As a systems engineer with vast experience in the aerospace industry, hospitality, construction, broadcast media, and finance, our CSO, Josh, is focused on developing abundance through sustainable, balanced and highly scalable solutions.

Wrap

What if you could have all of the benefits of owning a home — without the burden of a mortgage or maintenance — while enjoying the flexibility of renting? This is the question we sat with when we, along with twenty of our friends, decided to move to Lake Atitlan, Guatemala in March 2020. Since then, the number of digital nomads has more than tripled and is expected to reach one billion by 2035.

The world is in a pivotal moment of transformation and the ability to live and work anywhere is only going to increase, permanently changing society as we know it today. We are at the cutting edge of a new social movement and are revolutionizing the way we live, work, and thrive by connecting coliving communities around the world with our members, providing them with ownership and servicing an untapped market.

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