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Dignity Hostels

Dignity Hostels

Nipun Nath 153 Views
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Most Exciting: The ability to provide the homeless a respectable place to sleep, shower and refresh.

Competitors: Every competitor is beholden to the largess of public/private donations. No long-term endeavor is successful without adequate financing. My model to serve the homeless is financially viable.

Road Blocks: Financing, banks are unwilling to support an untested business model. Government regulation and NIMBYism will need to be addressed.

Getting Around: Financing will be raised from venture capital & seed investors. Architectural plans would need to be submitted and amended according to city requirements. Using a dilapidated or underutilized building would make approval favorable.

Impact

Who: The homeless will be able to sleep in a safe and clean environment at the lowest price point in a city. They will avoid the uncertainty of finding shelter at charities along with barriers such as drug and alcohol testing and forced religious programming.

How: More than food and clothing, dependable shelter is needed first. Safe shelter provides dignity, self-respect & is proven to better mental & physical health.

Potential: The market size is approximately $4.1 Billion in 2019.

What I Will Do With $5,000

Depending on the city each hostel has a startup cost of $2.0 to $5.0 million. In order to raise such funds I need architectural plans, a professional Html5 or CSS website and a budget to travel to meet with investors in different locations. $5,000 would help in alleviating some of the initial start up costs.

I plan to meet with venture capitalists & seed investors in other cities. The possible validation from 5x5 will help strengthen my case and get my foot in the door.

Nipun’s avatar

About Nipun Nath

Prior to Dignity Hostels I developed & sold a hostel in Kuala Lumpur, Malaysia at a 300% ROI. Prior to that I worked at Heritage Art House Delhi, India & managed the firms precious metal commodity trades in excess of $35 million a year. I have also worked at CBRE & completed investment banking transactions in excess of $1.0 Billion. I have further managed a $100 million SPAC on LSE for the Light Group. I hold a BSC from Cornell University with a concentration in real estate & finance.

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