Crowdsourced Bar launching in London

From Outclubbing.com:

"Ever wanted to be involved in the nightlife industry, besides drinking and clubbing? I’m sure many of you would probably say ‘yes’, but you’re also probably thinking that you just don’t have the time, and more importantly the money to start your own bar or club.

OutClubbing.com has stumbled across a neat idea which would make the dream of owning your own venue a reality! Introducing MYOBar…

MYO stands for My, Your, Our, which is a bar that you can buy into; becoming a shareholder and member. You will be able manage this bar, along with other shareholders and have a say on the interior, themed nights, the name of bar, staff recruitment, designs, drinks, food and other ad-hoc ideas members may have. Unlike most shareholder schemes, MYObar intends to operate a 1 member, 1 vote policy, giving each person an equal say, no matter how many shares they have.

What does it cost?

MYObar are seeking to raise £750,000 to develop this bar and there are 5000 shares to be had, costing £150 each. You can buy as few or as many as you wish; over 300 have been sold already!

What now?

If you are interested, you can join their Facebook group which can be found here:

http://imperial.facebook.com/group.php?gid=2347268624

And if you want to buy into MYObar simply send an email to Karl, Jack & James at myyourourbar@googlemail.com"

Here's a press clipping from a London freesheet...



Would this be open to Beam or Publicis investing I wonder?