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Are there enough people out there with a few thousand to kickstart a golf course?

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Courses and Architecture

Courses and Architecture

Courses and Architecture

My biggest takeaway from the latest Yoak was that nobody was willing to just say "here's the money, do whatever you want." Like, yea, I get it, when you're investing $25 million on a golf course, you really, really need it to make money and you're likely super worried about the outcome. But what there thousands of people putting in not much at all? With 10,000 investors, you'd only need $2,500 invested per person. I mean, that's a lot of money, yes, but the point is (1) if it's an investment, it's small enough to lose, and (2) if successful, any perks from that money could probably pay for the initial investment over the lifetime of the going concern.

Now, I know finance law prohibits just asking normal folks to invest in a venture without becoming a public company, and that has non-trivial costs attached. However, the cost is low enough that I think plenty of folks would be willing to be compensated through a kick-starter structure, that is, I assume I'll get zero return on my investment, but maybe I'd get to play golf at a steep discount, or get access to a locker/bar that is otherwise private when I visit. I mean, I'd happily pitch in for a Bandon-like entity to get built if I know I'll get discounted golf and preferred access going forward. I also wouldn't care at all what the course was like, because I genuinely think pitching in for a Doak-level masterpiece to get built would be worth it.

Maybe I'm totally out of touch with reality, but it just seems doable to me.

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Jan 13, 2025
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Jan 13, 2025
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